Chinese automaker Xpeng saw its shares slide after a record quarterly loss, driven by increased competition and margin deterioration.  ( 17 min )

Rates on 30-year mortgages climbed to again hit their highest level since 2002. Rates were up on almost every loan type, including a new record for the jumbo 30-year average.  ( 22 min )

Stagflation is the coincidence of weak growth and elevated inflation evident in the 1970s that required monetary policy changes by the Federal Reserve.  ( 26 min )

While entertaining multiple offers for financing, bankrupt trucking company Yellow has accepted Estes Express's $1.3 billion stalking horse bid for its shipment centers.  ( 18 min )

Fueling fears of a deepening property crisis in China, Evergrande filed for Chapter 15 bankruptcy protection to manage its debt under its massive restructuring process.  ( 18 min )

MiFID II is a European Union packet of financial industry reform legislation, instituted to regulate financial markets that replace MiFID.  ( 21 min )

An Anderson Economic Group report shows that a 10-day United Auto Workers strike could hit the economy harder than past strikes due to lower inventory levels.  ( 19 min )

A board of directors (BofD) is the governing body of a company that is elected by shareholders to provide guidance, set strategy, and oversee management.  ( 26 min )

Applied Materials shares climb after boosting its forecast on rising demand for AI computing and internet-connected devices, while ADRs of Chinese EV maker XPeng slide after a decline in deliveries. Here’s what investors need to know today.  ( 18 min )

A treasury bond is a marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years and which pays periodic interest payments.  ( 25 min )

For many emerging economies, issuing sovereign debt is the only way to raise funds, but things can go sour quickly.  ( 24 min )

Everything you need to know about homeowners insurance, from what it covers to how rates are determined.  ( 30 min )

Financial exposure is the amount that an investor can potentially lose in an investment and is an alternate name for financial risk.  ( 21 min )

Trading commodities can seem challenging to a novice trader. We break down how to invest in them.  ( 26 min )

The Herrick Payoff Index tracks price, volume, and open interest to identify potential trends and reversals in futures and options contracts.  ( 20 min )

An excess judgment loss is the additional amount that an insurer must pay above the policy limit.  ( 19 min )

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A California regulator has halted a plan for Medical Properties Trust to take a stake in a struggling hospital chain’s business.  ( 28 min )

With about 99% of the firm controlled by founder Pham Nhat Vuong, the small amount of publicly available shares makes the stock prone to volatility. The loss-making firm was valued at $85 billion in its Wall Street debut on Tuesday, which was followed by a 46% slump in two days that brought down its value to $46.4 billion, closer to that of legacy automakers Ford and General Motors. The company, which has struggled to retain senior executives and has an ambitious target of selling 50,000 electric vehicles this year, is shifting to a new "hybrid model" for sales, bringing in distributors and dealers for overseas markets.  ( 31 min )

The shares were down 1.1% in early trading, putting them on pace to drop for a sixth consecutive day.  ( 27 min )

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Hawaiian Electric upgraded, CVS downgraded: Wall Street's top analyst calls  ( 33 min )

Stocks were set to continue an August swoon on Friday.  ( 31 min )

The U.S. Federal Reserve is likely done raising interest rates, according to a strong majority of economists polled by Reuters, and a slight majority now expect the central bank to wait at least through end-March before cutting them. A 90% majority, 99 of 110 economists, polled Aug 14-18 say the Fed will keep the federal funds rate in the 5.25-5.50% range at its September meeting, in line with market pricing. After raising rates by 25 basis points last month, Fed Chair Jerome Powell kept options open for whether there would be a hike or a pause at the September meeting.  ( 33 min )

The United States on Friday will finalize a decision to impose import duties on solar panel makers who finished their products in Southeast Asian nations to avoid tariffs on Chinese-made goods, according to a senior Commerce Department official. The decision, which largely mirrors a preliminary finding the agency made in December, was opposed by buyers of solar panels that rely on cheap products made overseas to make their projects competitive. But it is good news for the small U.S. solar manufacturing industry, which for years has struggled to compete with Chinese goods and is enjoying renewed investment due to subsidies in U.S. President Joe Biden's landmark climate change law.  ( 30 min )

Hawaiian Electric Industries surged in Friday’s premarket trading, following an eight-day losing streak. The stock (ticker: HE) has faced significant pressure since last week, plummeting by 17% on Thursday. Investors have been concerned by the emergence of class-action lawsuits against the company  ( 12 min )

Stocks were set to continue an August swoon on Friday.  ( 30 min )

KeyBanc Capital Markets analysts downgraded shares of the e-commerce company for luxury fashion to Sector Weight from Overweight.  ( 26 min )

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Deere reports fiscal third-quarter earnings of $10.20 a share. Wall Street was looking for $8.22.  ( 26 min )

While the summer months are proving to be less lucrative for stock market participants, the overall trend this year has been up. The reason for the rally has been primarily down to AI hype, with various cultural commentators predicting this tech’s impact could be as big as that of the Industrial Revolution. But not all are quite as hyperbolic. There are grumblings on Wall Street that we are now entering an AI-driven bubble, with some prominent market watchers claiming the rally might not be sust  ( 34 min )

Ratings agency Moody's Investors Service earlier in the day downgraded the company's stock to junk status. Hawaiian shares have lost more than half of its value since the Aug. 8 wildfires that destroyed the coastal Maui town of Lahaina and killed at least 110 people. The company did not clearly outline the purpose for which it was seeking expert advice.  ( 31 min )

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Deere & Co raised its annual profit forecast on Friday as demand for large farm tractors remains robust, while easing supply chain bottlenecks lower manufacturing costs. The Moline, Illinois-based company has also seen high demand for its construction equipment, as the United States upgrades roads, railways and other transportation infrastructure under the Joe Biden administration's $1 trillion package approved by the Senate in 2021. Deere, a barometer for the global economy, has maintained resilient operating profit margins, despite global market volatility.  ( 31 min )

(Bloomberg) -- Deere & Co. lifted its financial outlook for the year as machinery demand from farmers remained robust despite slumping crop prices.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildThe world’s top  ( 31 min )

Elon Musk's SpaceX has written down the value of its crypto holdings and sold Bitcoin, The Wall Street Journal reports.  ( 26 min )

(Bloomberg) -- Steve Cohen is contesting an Internal Revenue Service campaign to compel hundreds of money managers — including his Point72 Asset Management — to pay self-employment taxes on a main source of earnings.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal  ( 32 min )

Secret Ford meetings prep white-collar workers to work in parts depots if the UAW goes on strike. "This is the little bit Ford can do," analyst says.  ( 36 min )

Applied Materials reports earnings and issues a forecast better than analysts' expectations, Keysight stock falls after a weaker-than-expected fiscal fourth-quarter outlook, and Farfetch slumps after a quarterly sales miss. Meanwhile, Deere, XPeng, and Palo Alto Networks are scheduled to report earnings Friday.  ( 27 min )

(Bloomberg) -- Chinese authorities have stepped up efforts in recent days to bolster the financial market in a sign that Beijing is growing uncomfortable with the pace of declines in stocks and the yuan. Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reac  ( 32 min )

Shares of the power-generator maker are down 56% over the past year, and 35% since Barron’s recommended buying them last fall.  ( 26 min )

Bitcoin prices fell suddenly late on Thursday amid reports of hundreds of millions in sales, triggering a bloodbath across futures and spot markets.  ( 33 min )

(Bloomberg) -- After an astronomical rise in its first day of trading, VinFast Auto Ltd. is now coming back to Earth — erasing a chunk of its billionaire founder’s fortune.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Wor  ( 30 min )

(Bloomberg) -- Cryptocurrencies extended declines, sliding with global risk assets as investors price in higher interest rates for longer. A report of Elon Musk’s SpaceX selling Bitcoin holdings added to the concerns. Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlob  ( 31 min )

Late-night announcement is the latest in the drama for the control of United States Steel Corp.  ( 11 min )

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(Bloomberg) -- Bets on long-dated Treasuries have backfired as the US economy holds firm, but payday is coming for those who are brave enough to stick to their guns.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Worries Bu  ( 32 min )

Bitcoin traded at around US$26,800 on Thursday morning in Asia after hitting a two-month low of around US$25,400. Ether fell below US$17,000.  ( 33 min )

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De economie van eurolanden zal in de komende jaren blijven groeien en het is onwaarschijnlijk dat die in een diepe of lange recessie zal belanden. Dat zegt bestuurder Philip Lane van de Europese Centrale Bank.  ( 4 min )

De aandelenkoers van betaalverwerker Adyen daalt vrijdag verder naar de laagste koers sinds april 2020. Dit na een dramatische koersval donderdag. Toen verloor Adyen door een koersdaling van bijna 40 procent in een dag bijna 19 miljard euro aan beurswaarde.  ( 4 min )

Het lijstje van bedrijven dat het faillissement van Big Bazar aanvraagt wordt steeds langer. Het beursgenoteerde vastgoedbedrijf Wereldhave is nu ook naar de rechter gestapt om de koopjesketen failliet te laten verklaren.  ( 3 min )

De aandelenkoers van betaalverwerker Adyen daalt vrijdag verder. Dit na een dramatische koersval donderdag op de Amsterdamse beurs. Toen werd Adyen door een koersverlies van bijna 40 procent in een dag 19 miljard euro minder waard op de beurs.  ( 3 min )

Schiphol schaft dertig nieuwe tilhulpen aan om bagagesjouwers te ontlasten. Eerder werden ook al negentien robots ingezet na scherpe kritiek van de Arbeidsinspectie.  ( 3 min )

De bitcoin is in een dag tijd abrupt met ongeveer 8 procent in waarde gedaald. De koers ging van ruim 26.000 euro donderdagochtend naar ruim 24.000 euro vrijdagochtend. Die waardedaling volgt op het nieuws dat SpaceX zijn bezittingen in bitcoins heeft afgewaardeerd.  ( 3 min )

Nederland zit momenteel in een recessie, maakte statistiekbureau CBS woensdag bekend. Dat komt onder andere doordat huishoudens zuiniger leven. Wij vroegen jullie daarom hoe jullie de kosten van boodschappen laag houden. Op ons reactieplatform NUjij deelden lezers hun tips.  ( 4 min )

Energiebedrijf Vandebron gaat eigenaren van zonnepanelen laten betalen voor het terugleveren van stroom aan het netwerk. Op ons reactieplatform NUjij zijn daar veel vragen over gesteld. Ben Woldring, eigenaar van energievergelijkingswebsite Gaslicht.com, geeft antwoord op de beste en meestgestelde vragen.  ( 5 min )

In een rechtszaak waarbij een grondhandelaar op een dwingende manier lappen landbouwgrond verkocht aan een particulier, vindt de rechter dat er meer financieel toezicht moet komen op deze praktijken. De handel in grond is voor kopers namelijk zeer risicovol.  ( 5 min )

In Nederland rijden er nu 1 miljoen bestelauto's rond. Dat blijkt uit cijfers van de RDW (Rijksdienst voor het Wegverkeer) waar het AD over schrijft. Dit jaar zijn er al 53.000 nieuwe auto's geregistreerd. Dit zijn vooral busjes van het merk Volkswagen.  ( 3 min )

Nederland zit momenteel in een recessie, maakte statistiekbureau CBS woensdag bekend. Dat komt onder andere doordat huishoudens zuiniger leven. Wij vroegen jullie daarom hoe jullie de kosten van boodschappen laag houden. Op ons reactieplatform NUjij deelden lezers hun tips.  ( 4 min )

Applied Materials shares climb after boosting its forecast on rising demand for AI computing and internet-connected devices, while ADRs of Chinese EV maker XPeng slide after a decline in deliveries. Here’s what investors need to know today.  ( 1 min )

The S&P 500 fell 0.8% on Thursday, Aug. 17, 2023, as declines in shares of CVS and other healthcare stocks weighed on the index after Blue Shield of California said it would reduce its reliance on CVS.  ( 1 min )

CVS shares fell after Blue Shield of California said it would reduce its reliance on the company's pharmacy services and work with other firms, including Amazon, to cut costs.  ( 1 min )

AI has become the new ‘shiny object,’ attracting investors’ attention. The rush began this past November when OpenAI’s ChatGPT made its debut, demonstrating in the clearest possible way how AI can change the ways computers use the data they collect and the ways we interact with them. The sudden interest in AI has had a spiraling effect. Investors are seeking companies with greater exposure to AI, while tech firms are eager to publicize their own AI links and offerings. Keeping a close watch on t  ( 35 min )

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(Bloomberg) -- All around the world, bond traders are finally coming to the sobering realization that the rock-bottom yields of recent history might be gone for good. Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesTh  ( 34 min )

(Bloomberg) -- Applied Materials Inc., the largest US maker of chipmaking machinery, gave a bullish forecast for the current quarter, indicating that an industry slump may be fading.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysFed Saw ‘Significant’ Inflation Risk That May Merit More HikesKen Griffin Reshaped Law Banning Chinese Real Est  ( 32 min )

(Bloomberg) -- China Evergrande Group sought Chapter 15 bankruptcy protection in New York on Thursday, court papers show. Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysFed Saw ‘Significant’ Inflation Risk That May Merit More HikesKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesChapter 15 bankruptcy protects company’s US ass  ( 31 min )

For the quarter that ended in June, Wall Street expects XPeng to report a per-share loss of 31 cents from sales of $707 million. A year ago, XPeng reported a 46-cent loss from $1.1. billion in sales.  ( 26 min )

Today's best CD rates are 5.76% from Connexus Credit Union for 1 year, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.  ( 21 min )

The Vietnamese electric-car company has flip-flopped on strategy and recalled vehicles.  ( 27 min )

In a case last month, a federal judge decided that most sales of a token called XRP didn't qualify as securities transactions.  ( 26 min )

(Bloomberg) -- The fresh boom in stock options that expire within 24 hours has grabbed all the attention on Wall Street trading desks — spurring a Goldman Sachs Group Inc. warning that the activity is fueling the recent market selloff.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysFed Saw ‘Significant’ Inflation Risk That May Merit More H  ( 33 min )

Wall Street failed to rebound, continuing a gloomy August.  ( 32 min )

(Bloomberg) -- Broadcom Inc. has secured up to $28.4 billion in new debt commitments to fund its purchase of VMware Inc. and replace a shorter-term loan it had snagged as it awaits regulatory approval for the deal.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Y  ( 32 min )

I am selling my house and the price is $504,999. After paying off this house I will net $400,000. Do I have to pay a capital gains tax as I’m planning to pay off my retirement home with the money I netted? – Thomas The answer is solidly "it depends," both in terms of whether […] The post AAA: I’m Selling My House and Netting $400k to ‘Pay Off My Retirement Home.’ Do I Have to Pay Capital Gains Tax? appeared first on SmartReads by SmartAsset.  ( 33 min )

Who owns the most U.S. Steel and Cleveland-Cliffs stock?  ( 11 min )

Jefferies analyst Mark Lipacis analyzed the June data for the six top cloud-based service providers and found that Nvidia gained market share over the past year.  ( 26 min )

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AMC Entertainment Holdings Inc. (NYSE:AMC) was one of the hottest meme stocks in 2021. Now, it's facing a stark reality. On Monday, AMC shares plummeted 35%. Investors were concerned about dilution following Friday's court approval of a settlement that would allow the company to convert its preferred equity units into common shares. This significant movement in the stock caught the attention of legendary investor Bill Gross, known widely as the Bond King. "Another Meme bites the dust — AMC," he  ( 33 min )

SpaceX did not immediately respond to a Reuters request for comment. The space company, which was founded more than two decades ago, was valued at roughly $150 billion at a recent employee stock sale, putting its valuation on par with that of Intel or Walt Disney , the Journal reported. In 2022, revenue doubled to $4.6 billion, helping the company reduce its loss last year to $559 million from $968 million, the WSJ reported.  ( 30 min )

(Bloomberg) -- Trucking firm Estes Express Lines has struck a $1.3 billion deal to acquire all of Yellow Corp.’s terminals out of bankruptcy, an offer that’s subject to higher bids should any materialize in the coming weeks.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateFed Saw ‘Significant’ Inflation Risk That May Merit More HikesNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesGloba  ( 30 min )

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Americans will burn through all their pandemic savings by the end of September, according to estimates by the Federal Reserve.  ( 31 min )

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United States Steel Corp. released more details Thursday on its obligations under its basic labor agreement with United Steelworkers on the union’s role in any plant or corporate transaction.  ( 10 min )

Retirement account balances are roaring back after 2022's dismal performance.  ( 32 min )

The two companies failed to reach a deal by Oct. 26, 2022, as decided earlier, and now Tesla would take "all available legal remedies" unless the parties mutually resolve the matter, Core lithium said in a presentation on Wednesday. The notice of a potential legal claim is related to a binding term sheet the companies signed in March last year to negotiate the terms of a supply agreement under which Elon Musk-led Tesla would have received spodumene, a lithium-rich mineral.  ( 31 min )

ADRs of European payments giant and Stripe rival Adyen tumbled on Thursday after reporting its slowest sales growth ever, citing competition in key markets including the U.S.  ( 18 min )

Citi analysts raised their price target on the fintech stock to $12 from $10.  ( 26 min )

Bud Light was caught in a heated controversy in April over a collaboration with transgender influencer Dylan Mulvaney which gutted sales.  ( 32 min )

Wall Street looked to rebound from two straight down sessions.  ( 31 min )

Their collectible baseball cards, sneakers and Barbie dolls are their emergency funds.  ( 21 min )

As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved an unprecedented milestone in U.S. oversight by winning approval to handle customers’ buying and selling of crypto futures.  ( 34 min )

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Its shares fell 16% in early trading after losing 19% in the previous session as the loss-making company faces an ambitious annual goal set by its founder Pham Nhat Vuong - to sell 50,000 EVs, more than twice the sales notched up so far this year. Meanwhile, its lofty valuation could be at risk as it looks to raise more capital over the next 18 months.  ( 30 min )

There are two sides to every coin. For penny stocks, or tickers that trade for less than $5 per share, this rings especially true. As some of the most divisive names on the Street, they are either met with resounding praise or forceful discontent. Going beyond the argument that you get more for your money, even minor price appreciation can result in massive percentage gains. However, some investors prefer to avoid these stocks entirely, as the fact that shares are trading at such depressed level  ( 35 min )

In response to the country’s escalating housing affordability issue, Elevate Money's new real estate investment trust (REIT), the Future Of Housing Fund (FOHF), is proposing a solution. Partnering with modular home manufacturer Boxabl, the fund aims to channel investment capital and innovation into the affordable housing sector. Boxabl's Innovative Home Construction Method Boxabl is making waves for its novel approach to home construction. Its modular units, which can be efficiently folded and s  ( 31 min )

Shares of electric-vehicle company VinFast fell more than 8% early Thursday, retreating for a second consecutive session. The Vietnamese car maker debuted on the Nasdaq on Tuesday after merging with a special-acquisition company. The stock more than tripled in its first day of trading, [vaulting Vi  ( 21 min )

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Shares of CVS Health dropped early Thursday after health insurer Blue Shield of California said it will drop CVS's Caremark pharmacy-benefit manager to work with other companies, includi  ( 22 min )

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Saving for retirement is a lifelong undertaking. It involves keeping your retirement goals in mind as you have children, get different jobs and move from place to place. However, a recent study from the Center for Retirement Research at Boston College … Continue reading → The post Empty Nester? This Avoidable Mistake Could Jeopardize Your Retirement appeared first on SmartAsset Blog.  ( 42 min )

With bids in play from Cleveland-Cliffs and Esmark, a battle for U.S. Steel is underway.  ( 27 min )

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The $40 billion J&J exchange offer for Kenvue stock is likely to be oversubscribed  ( 27 min )

Apple stock typically performs well ahead of a new iPhone release and this year will be no different, according to one of its strongest bulls.  ( 27 min )

Another set of results from Adyen, another stock-market drubbing. The Dutch payments provider, once a darling of the European tech scene, needs Silicon Valley to get its mojo back. The stock was down by more than a quarter in European trading Thursday after the company put out half-year numbers tha  ( 24 min )

Hawaiian Electric shares fell around 26% in premarket trading Thursday after The Wall Street Journal reported that the utility company is in [talks with firms that specialize in restructuring advisory work](https://www.wsj.com/articles/hawaiian-electric-in-talks-with-financial-restructuring-professi  ( 21 min )

After weeks of inaction, cryptos have a catalyst. Expectations of higher interest rates for longer send Bitcoin and other tokens spiraling.  ( 26 min )

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Investors are pricing in a rate cut and no recession.  ( 32 min )

Blue Shield of California is dropping CVS’s Caremark, its current pharmacy-benefit manager, and replacing it with a selection of other companies including drug delivery from Amazon.  ( 27 min )

Walmart's refresh is inviting in a new wave of customers, according to the company's C-suite.  ( 32 min )

The retailer raised guidance as earnings beat Wall Street expectations, driven by groceries.  ( 26 min )

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Tapestry posts fiscal fourth-quarter earnings of 95 cents a share, while Wall Street was expecting 97 cents.  ( 26 min )

Hedge fund EDL Capital is betting on further falls for China's offshore currency and says the yuan's slide could be the next "black swan event" to rattle world markets, according to an investor presentation this month seen by Reuters. The U.S. dollar has strengthened roughly 6% against the offshore yuan so far this year and Chinese state banks have been seen selling dollars this week to stem the yuan fall. EDL Capital, which manages about $1 billion, said factors weighing on the yuan include geopolitical tensions driving Western countries to re-home supply chains that will starve China of foreign investment.  ( 30 min )

The move sent shares of CVS sliding 8%, while rivals Cigna Group and UnitedHealth Group, which also have pharmacy benefit management units, fell sharply in premarket trading. Pharmacy benefit managers, which maintain lists of drugs covered by health insurance plans and negotiate prices with manufacturers, have recently come under scrutiny from lawmakers for their role in rising healthcare costs.  ( 31 min )

Walmart's grocery business, e-commerce efforts, and guidance raise shone in its second quarter earnings.  ( 34 min )

Walmart has been on the hunt for new profit drivers.  ( 33 min )

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Blue Shield of California says it aims to save millions on drug costs, and plans to drop CVS Caremark as pharmacy-benefit manager  ( 26 min )

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Apple stock typically performs well ahead of a new iPhone release and this year will be no different, according to one of its strongest bulls.  ( 27 min )

Cisco's fiscal fourth-quarter profit and sales beat analysts' estimates, Wolfspeed posts a wider-than-expected loss and issues disappointing guidance, BAE Systems is buying Ball Aerospace for $5.5 billion, and Walmart is scheduled to report second-quarter earnings.  ( 27 min )

(Bloomberg) -- The top three US wireless carriers have lost billions in revenue as smartphone sales dwindle in a reversal of the pandemic boom.Most Read from BloombergFed Saw ‘Significant’ Inflation Risk That May Merit More HikesGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesGoldman Sachs Blames Zero-Day Options for Fueling S&P 500 SelloffAT&T Inc., T-Mobile US  ( 32 min )

After weeks of inaction, cryptos have a catalyst. Expectations of higher interest rates for longer send Bitcoin and other tokens spiraling.  ( 26 min )

(Bloomberg) -- Adyen NV’s shares plunged most on record after first-half earnings missed estimates, weighed down by the Dutch fintech company’s hiring push and inflationary pressures. Most Read from BloombergFed Saw ‘Significant’ Inflation Risk That May Merit More HikesGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersChina Shadow Bank Misses Dozens of Payments as Risks GrowKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesNiger Soldiers Killed in Attacks by Armed Group,  ( 32 min )

Shares of the payments giant are down 80% from their pandemic-era high in 2021.  ( 26 min )

Oil exploration-and-production companies look like the sweet spot for investors, rather than refiners, oil-field services providers, or other energy-related firms.  ( 26 min )

One trading firm has a price target of as low as $24,000 in the coming months in the absence of immediate market catalysts.  ( 31 min )

The average retirement saver with a seven-figure balance is 59 years old.  ( 26 min )

China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to arrest the yuan's rapid losses. State banks usually act on behalf of China's central bank in the country's foreign exchange market, but they could also trade on their own behalf or execute their clients' orders. Offshore branches of the state banks were seen selling dollars during London and New York trading hours this week, two sources with direct knowledge of the matter said on Thursday.  ( 30 min )

Bitcoin, Ether and Top 10 crypto fell on Thursday morning in Asia. Coinbase receives futures approval.  ( 32 min )

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Today's top stories for NVIDIA Corp (NASDAQ: NVDA) revolve around the competitive landscape of the semiconductor industry and the company's strategic moves in the market. NVIDIA's AI Chips: A Game-Changer for Data Centers: NVIDIA's CEO, Jensen Huang, underscored the economic advantages of the company's AI chips over traditional CPUs in data centers. The Grace Hopper Superchip, a fusion of CPU and GPU, promises substantial energy savings and enhanced performance for generative AI tasks. Huang ill  ( 32 min )

A bank letter of credit policy assures a company engaged in an international transaction of the creditworthiness of the buyer.  ( 19 min )

Blockstack (Stacks) is a blockchain-based version of the internet that allows full control of data and apps to the user.  ( 22 min )

Retained earnings are the cumulative earnings that have yet to be paid to shareholders. Retained earnings are also used to reinvest back into the company or pay down debt.  ( 23 min )

Find out how some indicators help investors predict the likely opening direction of stocks. Also, determine how international markets influence the open.  ( 22 min )

Using leverage in a housing purchase can significantly increase your real estate net worth. Learn how increasing leverage can benefit your net worth.  ( 25 min )

An actuarial adjustment refers to a revision made to reserves, premiums, benefit payments, or other values based on a change in actuarial assumptions.  ( 19 min )

Fast-track your MBA degree with a double major to help give your career the edge it needs and create a focus in an area of expertise.  ( 23 min )

Saving for college is a major investment that can span years. CDs can take several years to mature. So can you use CDs to fund a 529?  ( 22 min )

A business loan is a type of financing that is used by businesses. Companies can take out business loans from a bank, an online lender, or a credit union.  ( 22 min )

A bridge loan is short-term financing used until a person or company secures permanent financing. It provides immediate cash flow.  ( 23 min )

Merchant category codes (MCC) are used by credit card companies to classify purchases according to the type of merchant. They are important for card rewards programs and other purposes.  ( 23 min )

A zero liability policy absolves a credit or debit cardholder from responsibility for fraudulent charges. But it may not apply in all circumstances.  ( 23 min )

Today's best CD rates are 5.76% from Connexus Credit Union for 1 year, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.  ( 19 min )

The S&P 500 fell 0.8% on Thursday, Aug. 17, 2023, as declines in shares of CVS and other healthcare stocks weighed on the index after Blue Shield of California said it would reduce its reliance on CVS.  ( 16 min )

Wahed Invest Inc. is likely a welcome platform in the robo-advisor environment for religious Muslims.  ( 25 min )

Some home renovations can boost the value of your home but others will cost you money you won't recoup. Consider a few things before investing in upgrading your home.  ( 23 min )

CVS shares fell after Blue Shield of California said it would reduce its reliance on the company's pharmacy services and work with other firms, including Amazon, to cut costs.  ( 17 min )

A Medicaid waiver is an expansion of Medicaid eligibility for people with disabilities, among other populations.  ( 22 min )

Buying a car is a big purchase, especially if you have to borrow to make it happen. These tips will help you get a loan at a cost that's right for you.  ( 23 min )

Understanding dividends and how they generate steady income for shareholders will help you become a more informed and successful investor.  ( 23 min )

Ancillary benefits are a secondary type of health insurance that covers miscellaneous medical expenses that are incurred during a stay at the hospital.  ( 18 min )

Cooperative insurance can cover co-op apartments and healthcare. Cooperative insurance allows policyholders to buy more coverage at an affordable cost.  ( 22 min )

The 30-year fixed-rate mortgage averaged 7.09% as of August 17, a level not seen since 2002, when it peaked at 7.18%.  ( 17 min )

A bondholder is an individual or other entity who owns the bond of a company or government and thus becomes a creditor to the bond's issuer.  ( 28 min )

A letter of indemnity is a letter guaranteeing that contractual provisions will be met; otherwise, financial reparations will be made.  ( 19 min )

The War Damage Corporation was a government program created during World War II to provide coverage for property damages related to war.  ( 19 min )

Transferring balances from one or more credit cards to a new card can have both positive and negative effects on your credit score. Here is how to do it right.  ( 23 min )

Chapter 13 is a U.S. bankruptcy proceeding in which debtors reorganize their finances in order to repay creditors within three to five years.  ( 24 min )

Chapter 12 is a special form of bankruptcy filing in the United States that applies specifically to farms and fisheries.  ( 24 min )

Silicon Valley is an area in Northern California that is home to a large number of innovative technology companies.  ( 29 min )

The Inflation Reduction Act, enacted a year ago, did a lot of things. Reducing inflation likely wasn’t one of them—at least not yet.  ( 22 min )

Planning a sale or transition of your practice over time can help ease your clients into it and can net you a higher sale price.  ( 19 min )

U.S. equity markets were little changed and mixed midday on Thursday, Aug. 17, 2023, after the latest earnings reports.  ( 16 min )

While markets in Asia and North America have been lagging behind, growth of premium and ultra-premium sales coupled with the launch of the iPhone 15 could catapult Apple over competitors in unit sales.  ( 17 min )

Stranger-owned life insurance is when someone tries to buy coverage on a person they don't know, and is illegal. Here's why.  ( 24 min )

The Blue Book or Kelley Blue Book lists new and used car prices, helping car buyers determine the fair market value and trade-in value of automobiles.  ( 21 min )

The number of IRA accounts rose 34.8% for females aged 18 to 35.  ( 17 min )

The Multifiber Arrangement (MFA) was an international trade agreement between several countries on textiles and clothing that was active from 1974 to 2004.  ( 21 min )

ADRs of European payments giant and Stripe rival Adyen tumbled on Thursday after reporting its slowest sales growth ever, citing competition in key markets including the U.S.  ( 17 min )

AAA is the highest possible rating assigned to the bonds of an issuer by credit-rating agencies such as Standard & Poor’s and Fitch Ratings. Read more about these bonds.  ( 22 min )

A-/A3 are similar rating categories issued by two different rating agencies, Moody's and S&P, to reflect long-term investment bond creditworthiness.  ( 21 min )

Homebuyers are increasingly turning to newly built single-family homes, representing a record 31.4% of homes on the market in the second quarter.  ( 17 min )

Retail giant Walmart beat profit and sales estimates thanks to surging grocery and e-commerce sales, as its discount-oriented business model shielded it from a broader slowdown in consumer spending.  ( 18 min )

Insurance losses from Maui's historic wildfires, which have claimed more than 100 lives and up to 2,200 buildings, could top $3.2 billion for homeowners and lead to the biggest insurance payout in Hawaii's history.  ( 19 min )

Britain's largest defense company, BAE Systems, said it plans to acquire Ball's aerospace operations for $5.6 billion.  ( 16 min )

The 30-year mortgage average is wavering just below a 21-year high. Movement was mixed across other loan types, with the three major ARM averages rising slightly.  ( 20 min )

If you have difficulty obtaining a conventional mortgage for a manufactured home, an FHA loan is an alternative for buying the home, the lot, or both.  ( 24 min )

The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. Discover the current debt ceiling and its economic impact.  ( 30 min )

B1/B+ is the highest quality credit rating for non-investment grade bonds.  ( 21 min )

A passbook loan is a personal loan made to a savings account holder by the custodial bank using the balance of the savings account as collateral.  ( 21 min )

Walmart shares rise after reporting its inventory management and a jump in online sales helped it grow revenue above expectations, and Cisco shares move higher after an increase in orders helped it beat earnings estimates. Here’s what investors need to know today.  ( 18 min )

What are the most expensive stocks by share price? Berkshire Hathaway, NVR, Seaboard, Booking Holdings, and AutoZone top the list. While share price itself doesn't equal market value, here is a rundown of the most expensive stocks.  ( 20 min )

Allocated loss adjustment expenses (ALAE) are part of an insurer’s expense reserves that are attributed to the processing of an insurance claim.  ( 19 min )

If you want to get out of a car lease without paying early termination fees, then you have some alternatives, including lease swapping.  ( 20 min )

The digital divide refers to the gap between people who have access to modern information and communications technology and those who don’t.  ( 26 min )

Advance loss of profit (ALOP) insurance provides coverage for financial losses due to delays in construction and infrastructure projects.  ( 18 min )

Prior acts coverage is a feature of an insurance policy that extends current coverage to pay claims made on events that took place prior to the policy's date of purchase.  ( 19 min )

Crypto lending is the process of depositing cryptocurrency that is lent out to borrowers in return for regular interest payments.  ( 24 min )

Insurance defense refers to attorneys who focus on representing cases that stem from insurance matters.  ( 18 min )

The aggregate limit of liability refers to the most money an insurer can be obligated to pay to a policyholder during a specified period.  ( 19 min )

A condotel is a hybrid property that combines the ownership of a condominium with the option to rent out units like a traditional hotel.  ( 18 min )

De winkelverkopen dalen alsmaar verder. Al vijf kwartalen op rij kopen we minder dan in dezelfde periode een jaar eerder. Door prijsverhogingen blijft de omzet voor veel winkels toch nog redelijk op peil.  ( 3 min )

De Britse regering roept lokale overheden op de pubs toestemming te geven om zondag vroeger open te gaan. Zondag spelen de Engelse voetbalsters onder leiding van bondscoach Sarina Wiegman de WK-finale tegen Spanje.  ( 3 min )

Betalingsverwerker Adyen kende donderdag een uitzonderlijk slechte dag. Door tegenvallende resultaten in het eerste half jaar wilden beleggers massaal van hun aandelen af. Daardoor ging de koers onderuit en verdampte 19 miljard euro van de beurswaarde.  ( 3 min )

Wie op het warmtenet is aangesloten, moet in de toekomst betere bescherming krijgen tegen extreme tarieven. Dat staat in het advies van toezichthouder ACM over nieuwe regels voor warmtenetten, waar minister Rob Jetten (Energie) aan werkt.  ( 4 min )

Kledingketen H&M wil stapsgewijs stoppen met leveranciers in Myanmar, meldt persbureau Reuters. Woensdag is een rapport over wantoestanden in kledingfabrieken in het Aziatische land verschenen.  ( 3 min )

Nog eens drie partijen willen een faillissementsaanvraag doen voor koopjesketen Big Bazar. Dat meldt directeur Joost Konings van Invorderingsbedrijf Amsterdam, dat de aanvragen in behandeling heeft.  ( 3 min )

Om te voorkomen dat het leven voor veel Nederlanders onbetaalbaar wordt, moet het demissionaire kabinet actie ondernemen. Dat zeggen budgetinstituut Nibud en Defence for Children als reactie op een armoedewaarschuwing waar het Centraal Planbureau (CPB) woensdag mee kwam.  ( 5 min )

De handel in het aandeel Adyen is donderdag korte tijd stilgelegd op de Amsterdamse beurs. De stap volgde op een koersverlies van 25 procent van het aandeel. Dat is het grootste dagverlies voor het betaalbedrijf, dat sinds 2018 een notering heeft in Amsterdam.  ( 3 min )

Vakbond FNV vindt een minimumloon van 14 euro niet meer hoog genoeg en pleit voor een verhoging naar 16 euro per uur. Ook toeslagen en kindgebonden budgetten zouden omhoog moeten in de strijd tegen armoede, vindt voorzitter Tuur Elzinga.  ( 4 min )

Minister Micky Adriaansens (Economische Zaken) heeft genoeg van de vertraging die satellietbedrijf Inmarsat veroorzaakt voor de ontwikkeling van sneller 5G-internet. Het bedrijf houdt belangrijke radiofrequenties bezet die daarvoor nodig zijn. Daarom pakt Adriaansens die frequenties op 1 februari 2024 af.  ( 5 min )

De werkloosheid in Nederland is in juli licht toegenomen. 3,6 procent van de beroepsbevolking was werkloos, tegen 3,5 procent een maand eerder. Dat is nog steeds een zeer laag percentage.  ( 3 min )

Ook Triodos Bank heeft de winst over het eerste half jaar van 2023 verdubbeld. De kleinere bank volgt daarmee het voorbeeld van ABN AMRO, ING en Rabobank. De banken profiteren volop van de renteverhogingen van de Europese Centrale Bank (ECB).  ( 5 min )

De groei van de Nederlandse economie valt dit en volgend jaar terug. Dat is geen probleem, omdat de economie de afgelopen jaren veerkrachtig bleek ondanks meerdere crises. De zorgen zitten hem vooral in de toenemende armoede als de steunmaatregelen stoppen.  ( 6 min )

NU.nl kiest elke dag een actueel onderwerp waarover jij uitgebreid met medelezers van gedachten kunt wisselen. Nederland zit momenteel in een recessie, maakte statistiekbureau CBS gisteren bekend. Dat komt onder andere doordat huishoudens nu zuiniger leven. Wat doe jij om de kosten van je boodschappen laag te houden?  ( 2 min )

De werkloosheid in Nederland is in juli licht toegenomen. 3,6 procent van de beroepsbevolking was werkloos, tegen 3,5 procent een maand eerder. Dat is nog steeds een zeer laag percentage.  ( 3 min )

De meeste Nederlandse beleggers hebben cryptoplatform Binance op tijd verlaten. Vandaag sluit Binance de Nederlandse accounts op het platform. Klanten hadden tot woensdag de tijd om hun cryptomunten over te zetten naar een ander platform.  ( 3 min )

De groei van de Nederlandse economie valt dit en volgend jaar terug. Dat is geen probleem, omdat de economie de afgelopen jaren veerkrachtig bleek ondanks meerdere crises. De zorgen zitten hem vooral in de toenemende armoede als de steunmaatregelen per 2024 stoppen.  ( 3 min )

Klanten van energiebedrijf Vandebron moeten voortaan extra betalen als ze zonnepanelen bezitten. Het bedrag is afhankelijk van de hoeveelheid elektriciteit die ze terugleveren aan het net. NUjij'ers vroegen zich af of een thuisbatterij een oplossing kan zijn.  ( 3 min )

Veel auto's beschikken over zogenoemde keyless entry-systemen. Daarmee kun je de auto openen en starten terwijl de autosleutel in je broekzak zit. Dat is erg handig en makkelijk, maar maakt je auto ook inbraak- of diefstalgevoelig.  ( 4 min )

U.S. equity markets were little changed and mixed midday on Thursday, Aug. 17, 2023, after the latest earnings reports.  ( 1 min )

What are the most expensive stocks by share price? Berkshire Hathaway, NVR, Seaboard, Booking Holdings, and AutoZone top the list. While share price itself doesn't equal market value, here is a rundown of the most expensive stocks.  ( 1 min )

The S&P 500 lost 0.8% on Wednesday, Aug. 16, 2023, after minutes from the latest Fed meeting showed members indicated interest rates may still have to rise to curb inflation.  ( 1 min )

While markets in Asia and North America have been lagging behind, growth of premium and ultra-premium sales coupled with the launch of the iPhone 15 could catapult Apple over competitors in unit sales.  ( 1 min )

Britain's largest defense company, BAE Systems, said it plans to acquire Ball's aerospace operations for $5.6 billion.  ( 1 min )

Walmart shares rise after reporting its inventory management and a jump in online sales helped it grow revenue above expectations, and Cisco shares move higher after an increase in orders helped it beat earnings estimates. Here’s what investors need to know today.  ( 1 min )

The company's stock was rising in late trading. The chip design software firm is getting a big boost from AI.  ( 26 min )

Trying to navigate the ups and downs of the stock market and predict its future direction can seem like a complicated and daunting task. However, as with almost anything, simplicity often holds the key. One of the most straightforward strategies is to keep an eye out for insiders’ moves. After all, these corporate officers are privy to their companies’ inner workings. So, when an insider is seen picking up shares of the company they work for, especially in bulk, it sends a clear signal that they  ( 35 min )

You can currently earn a record 5.90% with the top CD, and more than two dozen other CDs pay at least 5.50%. Is this the peak, or will the best CD rates climb even higher?  ( 20 min )

(Bloomberg) -- Cisco Systems Inc., the largest maker of computer networking equipment, gave a lukewarm revenue forecast for the coming fiscal year, adding to concern that spending on tech infrastructure is slowing.Most Read from BloombergGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersFed Saw ‘Significant’ Inflation Risk That May Merit More HikesChina Shadow Bank Misses Dozens of Payments as Risks GrowStocks, Bonds Fall as Rate Hikes Left on the Table: Markets WrapMarc Becker, Apol  ( 31 min )

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Oil and gas services provider Energy Transfer LP agreed to buy Crestwood Equity Partners LP for $7.1 billion dollars, including $3.3 billion in debt.  ( 18 min )

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PayPal's new CEO has a tough job ahead of him when he takes the reins from Dan Schulman on Sept. 27.  ( 33 min )

Hawaiian Electric Industries is speaking with restructuring advisory firms to address financial and legal challenges over its potential liabilities in the wake of the Maui wildfires, the Wall Street Journal reported on Wednesday. The utility firm is in discussions over the strategies it can pursue and to determine whether it needs to hire legal and financial advisers, the report said, citing people familiar with the matter. Hawaiian Electric did not immediately respond to Reuters' request for a comment.  ( 31 min )

Stock indexes closed lower as investors reacted to minutes from the latest Federal Reserve meeting.  ( 32 min )

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Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third? The post Shipping line Zim bets big on spot market as losses mount appeared first on FreightWaves.  ( 34 min )

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Reuters reported Wednesday that ArcelorMittal was considering a bid for United States Steel. That has U.S. Steel shares on the move.  ( 26 min )

Analysts downgrading stocks is an everyday occurrence and certainly nothing out of the ordinary. But it's major news when well-regarded stocks with large followings are the subjects of the downgrades. This week began with downgrades on three popular real estate investment trusts (REITs) across three different subsectors. Two of the downgrades were by the same analyst with Bank of America Securities and one was by an analyst with Argus Research. Take a look at the three REITs that could be in for  ( 34 min )

Who wins in the battle for control of U.S. Steel?  ( 12 min )

Jim Cramer, the well-known financial analyst and host of CNBC’s popular show “Mad Money,” is a figure with a reputation for outspoken opinions and a solid track record in the financial markets. Cramer recently delved into the art market and its potential as a solid investment option, particularly during times of inflation. In one of his episodes, Cramer highlighted Masterworks, a company that offers investors the opportunity to buy shares in individual artworks. The approach allows people to par  ( 31 min )

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(Bloomberg) -- Look closely at the contours of Tuesday’s tumble in the S&P 500 and fingerprints of a new market force come into focus.Most Read from BloombergGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersChina Shadow Bank Misses Dozens of Payments as Risks GrowTech Stocks Take a Leg Down Ahead of Fed Minutes: Markets WrapChina Asks Some Funds to Avoid Net Equity Sales as Markets SinkMarc Becker, Apollo’s Impact Investing Co-Head, Dies at 51They’re options tied to S&P 500 with a m  ( 33 min )

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(Bloomberg) -- Sacks Parente Golf Inc.’s shares tumbled as much as 83%, erasing almost all of the big first-day gains that made it the strongest US stock-market debut of 2023.Most Read from BloombergGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersChina Shadow Bank Misses Dozens of Payments as Risks GrowTech Stocks Take a Leg Down Ahead of Fed Minutes: Markets WrapChina Asks Some Funds to Avoid Net Equity Sales as Markets SinkMarc Becker, Apollo’s Impact Investing Co-Head, Dies at 5  ( 31 min )

Barrick Gold Corp. (NYSE:GOLD) is one of the largest producers of gold in the world. But CEO Mark Bristow recently emphasized the importance of another metal to keep an eye on. During an interview with CNBC, Bristow said, "My view is that copper is the most strategic metal out of all the metals." He pointed out that batteries are a major driver for copper demand, but there's more to the story. "Batteries is not a long-term solution for the future of a better planet for all," Bristow said. "What'  ( 33 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 9 min )

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A leading Dallas energy player will pay big bucks for the company that merged with #Royals majority owner John Sherman's old business.  ( 10 min )

Stock indexes were looking to rebound from a day that saw each lose more than 1%.  ( 32 min )

Stock indexes were looking to rebound from a day that saw each lose more than 1%.  ( 32 min )

VinFast’s Nasdaq trading debut on Tuesday made Vingroup founder Pham Nhat Vuong a very wealthy man.  ( 32 min )

Britain is facing a growing risk of recession even as rampant inflation begins to ease, economists have warned.  ( 45 min )

Shares in the Vietnamese electric car company more than tripled in its first day of trading, giving it a roughly $86 billion market value.  ( 26 min )

VinFast's stock opened at $22 apiece on Nasdaq — a surge of over 200% from the $10 per share price agreed upon with Black Spade Acquisition.  ( 31 min )

Buyers should focus on what they can control rather than try to predict mortgage rates.  ( 26 min )

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Investors seem convinced the security software company has chosen this inconvenient timetable because it has news to deliver shareholders might not like.  ( 26 min )

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The Houston area is losing one of its largest publicly traded energy companies in a deal valued at approximately $7.1 billion.  ( 11 min )

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My investment accounts don't withhold taxes from my capital gains, which is causing me to owe large amounts when I file my returns. How can I mitigate this situation? -David As capital gains distributions are unpredictable and usually unknown until … Continue reading → The post Ask an Advisor: ‘How Can I Mitigate This Situation?' My Tax Bill Is Huge Because My Investment Accounts Don't Withhold Capital Gains appeared first on SmartAsset Blog.  ( 34 min )

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Retirees don't accurately understand their risks in retirement, according to a recent analysis from the Center for Retirement Research at Boston College. The brief, authored by Wenliang Hou, finds a disconnect between how retirees rank perceived risks and their objective … Continue reading → The post Retirees Don't Know Their No. 1 Retirement Risk: Advisors Can Help appeared first on SmartAsset Blog.  ( 32 min )

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I'm a 65-year-old preparing for retirement within the next three to five years. I'm looking at different types of retirement funds. Would adding stocks that are dividend-structured along with gold and cryptocurrencies be a good mixture? -Earl Shifting from building … Continue reading → The post Ask an Advisor: I'm 65 Years Old and Going to Retire Soon. How Should I Structure My Portfolio? appeared first on SmartAsset Blog.  ( 33 min )

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Analysts at Piper Sandler and Raymond James raised their target prices on Nvidia to $500 ahead of its earnings next week.  ( 26 min )

The retailer handily beats Wall Street's earnings expectations.  ( 26 min )

A solid top- and bottom-line beat by the e-commerce giant isn't enough to lift the stock amid a selloff in Chinese markets.  ( 26 min )

Energy Transfer said the move would benefit its natural-gas and crude-oil businesses by adding storage and terminal assets.  ( 25 min )

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Target beats analysts' expectations for second-quarter earnings, sending shares higher, despite the retailer lowering full-year guidance.  ( 26 min )

Housing starts are expected to rise and Intel ends its plans to acquire Israeli chipmaker Tower Semiconductor. Here’s what investors need to know today.  ( 18 min )

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The Bitcoin futures market, in which trades are typically made with leverage or borrowed money, is the most liquid market in all of crypto.  ( 26 min )

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It comes after the fund suffered one of its worst years in history in 2022.  ( 31 min )

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A solid top- and bottom-line beat by the e-commerce giant isn't enough to buoy the stock amid a selloff in Chinese markets.  ( 26 min )

The minutes of the Federal Reserve's policy meeting last month may indicate on Wednesday how many policymakers feel the U.S. central bank is done raising interest rates and whether possible risks to the economy from the aggressive monetary tightening have taken on more weight in their debate. The Fed raised its benchmark overnight interest rate to the 5.25%-5.50% range at the July 25-26 meeting, a step Fed Chair Jerome Powell said at his post-meeting press conference may not be the last in an aggressive round of rate increases that began in March 2022 to offset the fastest breakout of inflation since the 1980s.  ( 32 min )

Palo Alto Networks investors are betting that good things never happen late on a Friday afternoon.  ( 25 min )

Coinbase Global has earned approval from the National Futures Association to offer eligible U.S. customers crypto futures, the company said Wednesday. The largest crypto exchange in the U.S. in September 2021 [filed an application with the NFA](https://twitter.com/coinbase/status/143824759587741696  ( 22 min )

Tencent Holdings’ second-quarter net profit climbed 41%, thanks to a recovery in various business lines, led by online advertising.  ( 26 min )

Coherent issues a weaker-than-expected forecast, Cava's second-quarter profit beats expectations, and Intel calls off its acquisition of Tower Semiconductor.  ( 27 min )

The move for the Israeli company collapsed due to delays to regulatory approval. It's a setback for plans to ramp up its semiconductor-making business.  ( 26 min )

(Bloomberg) -- Intel Corp. said it’s walking away from its attempt to acquire Tower Semiconductor Ltd., abandoning a $5.4 billion deal after failing to win regulatory approval in time. Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapThe Fed’s Interest-Rate Debat  ( 32 min )

The networking-equipment company faces crosswinds in terms of demand heading into its fiscal fourth-quarter earnings report.  ( 26 min )

(Bloomberg) -- Intel Corp. is expected to call off its planned $5.4 billion acquisition of Tower Semiconductor Ltd. as time to win regulatory approval runs out, according to people familiar with the matter.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump In  ( 32 min )

(Bloomberg) -- Sea Ltd.’s historic 29% tumble erased close to $10 billion from its market value, wiping out a quarter of co-founder Forrest Li’s fortune overnight while darkening the shopping and gaming leader’s prospects.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapRussia’s Emergency Rate Hike Fails to Lift Ruble Aft  ( 33 min )

(Bloomberg) -- The yield on 10-year US Treasuries is at the top end of its range, providing a good entry point for investors, according to Steven Major, global head of fixed-income research at HSBC Plc.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapThe Fed’s In  ( 31 min )

(Bloomberg) -- When former postman Iqeel Ahmed told staff at his local Halifax branch he couldn’t feed his family because he was locked out of his account, they asked whether he had tried the nearest food bank.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTyco  ( 37 min )

(Bloomberg) -- A record of the Federal Reserve’s July policy meeting due Wednesday is set to show only a minority of officials favored holding interest rates steady over the remainder of the year, according to Bloomberg Economics.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapRussia’s Emergency Rate Hike Fails to Lift R  ( 31 min )

A deal for the American steelmaker could leave fewer options for steel used in cars, food cans and other products.  ( 27 min )

Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with the Israeli firm, the sources said. Intel and Tower declined to comment.  ( 32 min )

(Bloomberg) -- Chinese stocks extended their recent selloff, putting a key gauge of the nation’s equities on track to erasing all the gains seen since last month’s Politburo meeting.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweepi  ( 30 min )

Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with Tower, the sources said. It does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away, the sources added.  ( 31 min )

(Bloomberg) -- China home prices dropped for a second month in July, a further sign of the deepening property downturn that’s weighing on the world’s second-largest economy.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweeping Georgi  ( 31 min )

Apollo Global Management sold a $485 million loan to Yellow Corp. and has withdrawn its proposal for bankruptcy financing. The post Apollo sells Yellow term loan to Citadel appeared first on FreightWaves.  ( 31 min )

(Bloomberg) -- The rally in equities is set to grind to a halt as investors come to grips with slowing US growth, and seasonal factors are likely to compound the selling pressure, according to Vantage Point Asset Management.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Ma  ( 31 min )

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The firm exited its loan investment after rival lenders offered better terms to finance Yellow’s liquidation.  ( 27 min )

You can currently earn a record 5.90% with the top CD, and more than two dozen other CDs pay at least 5.50%. Is this the peak, or will the best CD rates climb even higher?  ( 20 min )

Inflation-linked bonds, such as TIPS and I-Bonds, protect returns from the loss of purchasing power and increase portfolio diversification.  ( 24 min )

A blockchain operating system uses blockchain as the platform for running a device's operating system  ( 19 min )

Assessed value is a value assigned to a home by an assessor and is used to determine the property tax bill. It is often a percentage of fair market value.  ( 22 min )

Understand how portfolio immunization is compared to cash flow matching when taking an asset-liability management (ALM) approach to investing portfolios.  ( 21 min )

A quick overview of the top economic indicators to track the housing market in the U.S.  ( 20 min )

A co-signer can help you secure a loan, but eventually, it will be time to strike out on your own. Learn how to release a student loan co-signer from their obligation to your loan.  ( 21 min )

Policymakers at the Fed are concerned wage growth isn't slowing fast enough for inflation to fall to the 2% annual rate that the central bank targets, according to minutes of the Federal Open Market Committee released Wednesday.  ( 18 min )

The S&P 500 lost 0.8% on Wednesday, Aug. 16, 2023, after minutes from the latest Fed meeting showed members indicated interest rates may still have to rise to curb inflation.  ( 16 min )

The IRS has been spending the $80 billion in extra funding it got from the Inflation Reduction Act of 2022 to hire more customer service agents, create chatbots, and reduce paperwork.  ( 17 min )

A Bumbershoot policy is a specialized form of umbrella liability insurance that covers nonmarine and maritime liability exposures.  ( 19 min )

Progressive Corporation was the best-performing stock in the S&P 500 on Wednesday after the insurance provider reported a jump in premiums written in July.  ( 16 min )

An IRA CD combines the safety of a CD with the tax advantages of an individual retirement account. Learn how IRA CDs work and about their pros and cons.  ( 26 min )

Oil and gas services provider Energy Transfer LP agreed to buy Crestwood Equity Partners LP for $7.1 billion dollars, including $3.3 billion in debt.  ( 17 min )

CDs can significantly boost what you earn on your savings. So it's worth exploring ways to safely add one or more top-paying certificates to your savings plan.  ( 25 min )

Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.  ( 19 min )

Southwest Airlines and the union covering more than 17,000 of its employees reached a tentative agreement on wages, job protections, and benefits for more. But the airline's pilots union still may strike.  ( 17 min )

A court victory for President Joe Biden this week means that thousands of borrowers are joining the growing list of people whose student loans have been forgiven since he took office.  ( 20 min )

A B2B robo-advisor is a digital automated portfolio management platform that is used by financial advisors.  ( 25 min )

Countries can default on their debt. This happens when a government is either unable or unwilling to make good on a country's financial obligations.  ( 24 min )

Teachers’ salaries aren't keeping up with inflation and the rising cost of homeownership.  ( 19 min )

Tron is a block-chained-based platform for sharing digital content. Discover more about Tron and its cryptocurrency, called Tronix or TRX.  ( 19 min )

Kishu Inu (KISHU) is a digital currency based on popular dog-themed meme coins like Dogecoin and Shiba Inu.  ( 21 min )

A personal loan can help you consolidate debt, or provide the funds you need to better your life. Learn how to find and apply for a personal loan.  ( 23 min )

A crypto commodity is a digital representation of a commodity, utility, or contract on a blockchain network through exclusive tokens.  ( 22 min )

Credit repair companies can help you find and fix mistakes on your credit report, for a fee. Learn how to choose a credit repair company that works for you.  ( 20 min )

The application process for an SBA loan can be extensive and time consuming. Find out how to apply for an SBA loan that meets your business needs.  ( 22 min )

Goldman Sachs predicts home prices will keep rising, citing tight supply and high demand.  ( 17 min )

Mutual funds and robo-advisors are two ways investors can get help building and managing a diverse portfolio. Find out more about the differences between these investing tools.  ( 26 min )

While the CME already trades crypto futures and the CBOE has approvals for leveraged crypto futures, the nod makes Coinbase the first purely crypto exchange to offer such products.  ( 17 min )

Demand elasticity is the sensitivity of the demand for a good or service due to a change in another factor.  ( 22 min )

Mediterranean restaurant chain Cava Group posted a profit in its first earnings report since going public in June as it added new locations.  ( 17 min )

TJX Companies shares hit an all-time high as the discount retailer posted better-than-expected results and raised its outlook as shoppers flocked to its stores.  ( 17 min )

U.S. equities were mixed at midday on Wednesday, Aug. 16, 2023, after the latest earnings news and ahead of the release of meeting minutes from the Fed's July policy meeting.  ( 17 min )

With investors looking to back the latest ICOs and cryptocurrencies, some scammers have taken advantage of the rush to invest.  ( 22 min )

Intel called off a $5.4 billion deal to purchase Tower Semiconductor after it failed to secure timely regulatory approval from China.  ( 17 min )

Learn about the evolving role of the nation-state in an increasingly globalized world as fewer boundaries restrict international commerce.  ( 22 min )

Mortgage rates were mixed, with 30-year and 15-year rates rising slightly. The 30-year average is just below the early July peak that's estimated to be a 21-year high.  ( 20 min )

Investment grade refers to bonds that carry low to medium credit risk.  ( 25 min )

Automated robo-advisors are more flexible and can build more complex portfolios. Target date funds (TDFs) have the more specific aim of helping people invest for retirement by slowly adjusting their holdings to reduce volatility and risk over time.  ( 25 min )

A co-signer agrees to take responsibility for your loan if you don't make payments. As a result, if your credit is less than perfect, a co-signer might help you qualify for a personal loan.  ( 22 min )

If you're denied for a personal loan, you might be able to reapply. However, you need to take steps to address the issues that cause the denial in the first place.  ( 24 min )

Even though personal loans can help you fund a number of financial goals, they aren't always the right choice.  ( 22 min )

Learn about GPUs (Graphics Processing Units) and how they are used in cryptocurrency mining.  ( 24 min )

Business loans can certainly impact your personal credit, though this depends primarily on whether a personal guarantee is required.  ( 23 min )

Target posted its first quarterly sales decline in six years after a dip in discretionary spending, backlash against the company's Pride collection, and rise in retail theft.  ( 18 min )

While the S&P 500 is a specific market index, robo-advisors are tools that can invest in a broad range of assets, potentially including S&P 500 index funds.  ( 23 min )

Renovations may be covered, but they also can increase the value of your home and leave you underinsured. Find out if you should update your policy.  ( 24 min )

Student bank accounts are accounts designed for teens and young adults. Learn about the features of a typical student bank account and how to compare them.  ( 24 min )

Investment management services costing less than financial advisors, but with limited investment choices and personalization  ( 26 min )

Consumers have rights that protect them from scams and fraud. Certain consumer protection laws can help in particular situations.  ( 26 min )

The Foster School of Business at the University of Washington offers undergraduate, graduate, and doctoral programs in business and other fields.  ( 18 min )

Double-spending is a potential flaw in cryptocurrency systems that refers to the possibility of a digital currency being spent more than once.  ( 20 min )

Occidental Petroleum will purchase tech firm Carbon Engineering Ltd. for $1.1 billion with plans to build 100 plants, using incentives from the government to combat climate change.  ( 17 min )

NinjaTrader offers software and brokerage services for active traders. As a brokerage, NinjaTrader offers access to the futures and forex markets.  ( 21 min )

Charles Schwab and Vanguard are both huge financial firms that have a fundamentally different approach to online investing.  ( 22 min )

Gwei is a denomination of the cryptocurrency ether (ETH), used on the Ethereum network. Learn what it is and how it is used in ETH transactions.  ( 22 min )

Cryptocurrency payment gateways are a service available for merchants who prefer to have a trusted third party dealing with digital currencies.  ( 21 min )

Changes in exchange rates have a substantial influence on companies’ operations and profitability. Here are ways they can deal with the risk.  ( 27 min )

Inland marine insurance is a type of commercial property coverage. It covers equipment, machinery, tools, cargo, and other property that’s transported over land by train or truck.  ( 21 min )

Housing starts are expected to rise and Intel ends its plans to acquire Israeli chipmaker Tower Semiconductor. Here’s what investors need to know today.  ( 19 min )

Problems with the U.S. tax system include higher effective rates for lower-income people, companies paying little or no taxes, and poor enforcement.  ( 36 min )

The pre-existing condition exclusion period is a health insurance provision that limits benefits for a period of time for a prior medical condition.  ( 22 min )

De omzet van de bouw was in de maanden april, mei en juni bijna 8 procent hoger dan een jaar eerder, meldt statistiekbureau CBS.  ( 3 min )

Klanten van de Bank of Ireland konden dinsdag de hele dag 'gratis' geld opnemen. Door technische problemen bij de bank konden zij meer geld pinnen dan zij op hun rekening hadden staan.  ( 3 min )

Klanten van de Bank of Ireland konden dinsdag de hele dag 'gratis' geld opnemen. Door technische problemen bij de bank konden zij meer geld pinnen dan zij op hun rekening hadden staan.  ( 3 min )

De verslechterde Chinese economie zorgt ervoor dat de yuan hard daalt. De Chinese munt bereikte woensdag het laagste niveau sinds november 2022.  ( 3 min )

Een groot vrachtschip dat sinds het begin van de oorlog in Oekraïne stillag, vaart nu voor het eerst over de Zwarte Zee. Het schip maakt gebruik van een zogenoemde humanitaire corridor, een tijdelijke vaarroute voor gestrande schepen.  ( 4 min )

Kledingketen H&M gaat twintig beschuldigingen van misstanden in kledingfabrieken in Myanmar onderzoeken. Volgens de Britse mensenrechtenorganisatie BHRRC is er sprake van misstanden in de fabrieken waar het Zweedse bedrijf kleding laat maken.  ( 3 min )

Met twee kwartalen van krimp is de Nederlandse economie in een recessie terechtgekomen. Dat klinkt ernstig, maar gaat dit ons echt veel pijn doen?  ( 3 min )

Porthos, een groot project voor de opslag van CO2 onder de Noordzee, mag doorgaan. Bij de aanleg komt weliswaar wat stikstof vrij, maar dat vormt geen grote bedreiging voor kwetsbare duinnatuur. Dat oordeelt de Raad van State woensdagochtend.  ( 7 min )

Het socialemediaplatform X (voorheen Twitter) heeft de toegang tot concurrerende sociale netwerken en nieuwswebsites vertraagd. Gebruikers die op een link naar Facebook, Instagram of bijvoorbeeld The New York Times klikten, moesten vijf seconden wachten voordat ze de gewenste pagina konden zien.  ( 4 min )

De Nederlandse economie is met twee kwartalen van krimp in een recessie beland. In andere eurolanden zijn de ontwikkelingen gunstiger. De economie van de eurozone groeide in het tweede kwartaal met 0,3 procent ten opzichte van een kwartaal eerder.  ( 4 min )

Op NU.nl vind je elke dag een stelling die bij het nieuws past. Hoewel op dinsdag en donderdag de langste files staan en het op die dagen het drukst is op kantoor, willen werkgevers hun personeel niet aanmoedigen op woensdag of vrijdag te komen. Vandaag is daarom de stelling: Werknemers moeten zelf kunnen bepalen welke dagen ze thuiswerken. Breng je stem uit en discussieer mee.  ( 2 min )

Tussen begin april en eind juni is de Nederlandse economie met 0,3 procent gekrompen in vergelijking met het kwartaal ervoor. Het is de tweede krimp op rij, waardoor we officieel spreken van een recessie.  ( 5 min )

Gebruikers van socialemediaplatform X (voorheen Twitter) moeten voortaan betalen voor TweetDeck (nu X Pro). Het computerprogramma waarmee je jouw tijdlijn kunt beheren, is vanaf nu alleen nog te gebruiken door mensen met een geverifieerd account op X.  ( 4 min )

De Britse consumentenprijzen zijn in juli met 6,8 procent gestegen. Daarmee was de inflatie lager dan in juni (7,9 procent), maar nog wel veel hoger dan de beoogde 2 procent.  ( 3 min )

De arbeidsmarkt is nog steeds zeer krap. Werkgevers hadden in het tweede kwartaal van dit jaar moeite om aan mensen te komen. Per 100 werklozen stonden eind juni nog 122 vacatures open.  ( 3 min )

Hoewel thuiswerken sinds de coronapandemie een blijvertje is, werken Nederlanders op dinsdag en donderdag nog vaak op kantoor. Maar ondanks de lange files en drukte op de werkvloer willen werkgevers hun personeel niet aanmoedigen om op woensdag of vrijdag te komen.  ( 6 min )

Oil and gas services provider Energy Transfer LP agreed to buy Crestwood Equity Partners LP for $7.1 billion dollars, including $3.3 billion in debt.  ( 1 min )

Southwest Airlines and the union covering more than 17,000 of its employees reached a tentative agreement on wages, job protections, and benefits for more. But the airline's pilots union still may strike.  ( 1 min )

Intel called off a $5.4 billion deal to purchase Tower Semiconductor after it failed to secure timely regulatory approval from China.  ( 1 min )

Target posted its first quarterly sales decline in six years after a dip in discretionary spending, backlash against the company's Pride collection, and rise in retail theft.  ( 1 min )

Occidental Petroleum will purchase tech firm Carbon Engineering Ltd. for $1.1 billion with plans to build 100 plants, using incentives from the government to combat climate change.  ( 1 min )

Progressive Corporation was the best-performing stock in the S&P 500 on Wednesday after the insurance provider reported a jump in premiums written in July.  ( 1 min )

U.S. equities were mixed at midday on Wednesday, Aug. 16, 2023, after the latest earnings news and ahead of the release of meeting minutes from the Fed's July policy meeting.  ( 1 min )

Housing starts are expected to rise and Intel ends its plans to acquire Israeli chipmaker Tower Semiconductor. Here’s what investors need to know today.  ( 1 min )

If you’re looking for effective strategies for making sound stock selection decisions, you could do a lot worse than peep into the current portfolios of Wall Street’s investing titans. By discovering which equites they are leaning into at any given time, investors can piggyback on the decades-long success attained by the stock picking giants. Few are more successful at this game than Ken Griffin, the founder and CEO of hedge fund Citadel and a man with a net worth of ~$34 billion. Last year, aga  ( 34 min )

The electrification of everything is already underway, and there is one extraordinary $23 billion opportunity that investors continue to overlook.  ( 41 min )

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(Bloomberg) -- Warren Buffett-backed Occidental Petroleum Corp. agreed to buy Canadian startup Carbon Engineering Ltd. for $1.1 billion as the oil producer expands its position as a leader in removing carbon dioxide from the atmosphere. Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-  ( 32 min )

If demand is too high, J&J holders who participate will be able to swap only part of their investments for Kenvue  ( 27 min )

(Bloomberg) -- PNC Financial Group Services Inc. tapped the US blue-chip bond market for the second time since a regional banking crisis rattled investors earlier this year.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapThe Fed’s Interest-Rate Debate Is Shiftin  ( 32 min )

(Bloomberg) -- Sacks Parente Golf Inc. shares skyrocketed 624% in its first day of trading, notching the best initial public offering debut on a US exchange this year.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweeping Georgia Elec  ( 30 min )

(Bloomberg) -- VinFast Auto Ltd. soared in its debut as a public company, vaulting its market capitalization beyond that of General Motors Co. and Ford Motor Co., as traders flipped shares of the electric-vehicle maker.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After Crash  ( 32 min )

Warren Buffett is widely recognized as the greatest investor of all time, so when he buys new stocks, investors tend to take notice. According to its latest 13F filing, which came out yesterday, Buffett’s Berkshire Hathaway initiated positions in just three new stocks during the second quarter — NVR (NYSE:NVR), Lennar (NYSE:LEN), and D.R. Horton, Inc. (NYSE:DHI). Interestingly, all three are homebuilders. While investors should always do their own due diligence before making any investment, taki  ( 34 min )

Cava delivered impressive earnings as it basks in its post-IPO glow.  ( 32 min )

Cava is giving investors their first taste of its future potential.  ( 32 min )

(Bloomberg) -- VinFast Auto Ltd. soared in its first day of trading as the Vietnamese electric-vehicle maker looks to raise its profile and take on established car manufacturers.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweeping G  ( 32 min )

The private-jet membership company agreed to turn over a 95% stake in return for new financing.  ( 29 min )

Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.  ( 21 min )

It's always a good sign for stockholders when they see one of the insiders at a company buying shares of company stock. It's well known that insiders may sell shares for dozens of personal reasons that have nothing to do with the company's performance, but generally, insiders are only buyers when they feel the stock price is undervalued and likely to rise over time. It's even more significant when multiple insiders are buying shares of company stock, as that indicates optimism among more than on  ( 33 min )

A retail-heavy earnings week began with caution and China painted a grim picture for the world's second-largest economy.  ( 32 min )

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The selloff continues in shares of troubled utility Hawaiian Electric Industries. The stock fell another 24% on Tuesday after [Monday’s plunge](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-08-14-2023/card/hawaiian-electric-industries-stock-plunges-in-wake-of-deadly-wildfires-UKImN6  ( 21 min )

Esmark Inc majority owner and chief executive James Bouchard said in an interview on Tuesday that his steel maker, which does not publicly report its earnings, has cash for its $7.8 billion bid for U.S. Steel Corp sitting in his bank account. Esmark unveiled its offer on Monday after Cleveland-Cliffs Inc, another steel maker, said on Sunday it had made a $7.3 billion offer for U.S. Steel, which the latter rejected. Cleveland-Cliffs said it could afford the deal because it would pay for half of it using its own stock as currency and borrow from banks to help pay for the other half.  ( 31 min )

Some borrowers who had enrolled in income-driven repayment plans will start getting their debt discharged this week.  ( 32 min )

Despite the fact that delaying the start of your Social Security benefits until age 70 means a 32% increase in the amount you would receive, only 10% of non-retired Americans between the ages of 60 and 65 plan to wait for the larger payout, according to the 2023 Schroders U.S. Retirement Survey. Consider working with […] The post Just 10% of Workers to Wait Until 70 to Take Maximum Social Security Benefits appeared first on SmartReads by SmartAsset.  ( 32 min )

Over $22 billion worth of Nvidia's shares were traded as of mid-day, beating out $14 billion of trades in Tesla, which is usually the Wall Street's most traded stock. Nvidia shares rose as much as 3.5% before trimming gains. Nvidia was just one of three stocks in the Philadelphia semiconductor index trading higher on Tuesday after stronger-than-expected U.S. retail sales data stoked worries that interest rates could stay higher for longer, rattling the stock market.  ( 32 min )

Appaloosa nearly tripled its stockholdings, buying up large positions across the tech and semiconductor industries while selling off shares of energy firms.  ( 19 min )

Poor earnings and analyst downgrades are two negative events that can impact the price of a stock. When a company reports disappointing financial results, it may reflect potential problems with its business operations, a lack of growth or overall financial difficulties. It typically sends investors rushing to the exits. If an influential analyst subsequently downgrades that stock, it stokes even more fears about the overall health of the company. The result: More investors will dump their shares  ( 33 min )

Baby boomers born from 1960 to 1965 are in big trouble when it comes to retirement savings. The so-called late boomers, nearing retirement, have less wealth than earlier boomer cohorts, including paltry 401(k) assets, according to a new white paper.  ( 33 min )

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(Bloomberg) -- The steep drop in output from US shale wells is turning out to be worse than expected, forcing oil drillers to work even harder to keep production from slipping, research firm Enverus said in its latest report.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After  ( 31 min )

A retail-heavy earnings week began with caution and China painted a grim picture for the world's second-largest economy.  ( 32 min )

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Wall Street analysts are still underestimating how much the rise of artificial intelligence could boost revenue, according to New Street Research.  ( 35 min )

The U.S. stock market saw robust growth in 2023, with the S&P 500 Index surging by 17%. But according to "Shark Tank" star Kevin O'Leary, it's not all sunshine and rainbows. "The S&P 500 employs 40% of America," he told Fox Business' Larry Kudlow in a recent interview. "Where the cracks are starting to show is in mainstream America where the car loans have gone from five and a half percent to nine and a half percent and continue to go up." The U.S. Federal Reserve has implemented aggressive inte  ( 33 min )

I am 57 and have $1.1 million in my 401(k) and $50,000 in a high-yield savings account. I earn $300,000 per year and put $30,000 in my 401(k) each year plus a match on the first 6%. I have a $220,000 mortgage on a home valued at $550,000. I would like to retire at 62 […] The post Ask an Advisor: I Have $1.15 Million Saved and Will Collect $3,500 Per Month in Social Security. Can I Retire at 62? appeared first on SmartReads by SmartAsset.  ( 32 min )

Esmark Founder and CEO James P. Bouchard said it's a love of United States Steel Corp. and its place in Pittsburgh that led him to make an offer for the steel manufacturer being pressured by a $7.3 billion bid by rival Cleveland-Cliffs.  ( 13 min )

Discover Financial shares dropped more than 9% Tuesday after the Riverwoods-Ill.-based company said Roger Hochschild would step down as CEO effective immediately. Discover board member and ex-Regions Financial executive John Owen will serve as interim CEO and president, the company said after marke  ( 23 min )

The currency has now surrendered all of its gains from last year to plumb depths not seen since an investor panic in the early days of the war.  ( 31 min )

As we reach the tail end of the 2Q23 earnings season, it’s time to take stock of the current market landscape and gauge the resilience of equities. To start with, the pace of inflation is falling – but remains above the 2% target. Against a background of inflationary pressures and recessionary fears, the second quarter earnings were stagnant – but while the bar was low, most firms cleared it, beating the expectations. In a recent note, BlackRock’s Global Chief Investment Strategist, Wei Li, has  ( 35 min )

The $40 billion exchange offer for shares of Kenvue expires Friday, but brokerage firms want retail investors to make their instructions before then.  ( 27 min )

The story of United States Steel holds some fascinating history as well as some important lessons for investors.  ( 27 min )

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The Florida governor needs every friend he can muster to narrow Donald Trump's lead in the polls.  ( 32 min )

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The Euro has found buyers again on the dip, continuing the overall supportive action.  ( 32 min )

Privately held and Pittsburgh-based Esmark has announced an all-cash bid for United States Steel. Few saw that coming after an offer from Cleveland-Cliffs.  ( 26 min )

The Vietnamese EV maker VinFast is beginning life as a publicly traded company on the Nasdaq stock exchange.  ( 26 min )

A retail-heavy earnings week began with caution and China painted a grim picture for the world's second-largest economy.  ( 31 min )

Chip maker Nvidia has seen shares nearly triple this year. UBS analyst Timothy Arcuri raised his target price to $540 from $475, and writes "it still seems early to get off this train."  ( 27 min )

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Privately held and Pittsburgh-based Esmark has announced an all-cash bid for United States Steel. Few saw that coming after an offer from Cleveland-Cliffs.  ( 26 min )

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Berkshire Hathaway bought up more than $800 million in home construction stocks last quarter while trimming positions in energy, insurance, materials, and healthcare.  ( 20 min )

Home Depot tops report second-quarter earnings estimates, Warren Buffett's Berkshire Hathaway takes a new equity position in home builder D.R. Horton, a new bidder emerges for U.S. Steel, and Discover Financial's CEO resigns.  ( 27 min )

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(Bloomberg) -- Sea Ltd.’s revenue missed estimates after its e-commerce division posted slowest growth on record, reflecting fallout from economic turbulence and intensifying competition.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Fourth Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashOut of Options and Money,  ( 32 min )

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Vietnam's electric vehicle maker VinFast could open higher on Nasdaq on Tuesday, based on limited premarket trade, as it makes its debut after a SPAC deal that the company says values it at $23 billion. The valuation, which VinFast and its blank-check partner Black Spade Acquisition calculated using rival EV maker Lucid as the benchmark, is the fourth-highest for such special purpose acquisition company (SPAC) deals, according to data from Dealogic. A few hours before its Nasdaq debut, VinFast more than doubled its value in premarket trading involving less than 4% of its shares.  ( 31 min )

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Southeast Asian technology firm Sea Ltd missed estimates for second-quarter revenue on Tuesday, as consumers held back spending on Internet and discretionary services. U.S.-listed shares of Sea tanked 14% in trading before the bell. Revenue grew over 5% from a year earlier to $3.10 billion, compared with analysts' estimate of $3.20 billion, according to Refinitiv data.  ( 31 min )

Consumers aren't as interested in home renovation as much as they once were.  ( 33 min )

The company is seen as a bellwether for big retailers, its numbers offer clues about the health of the U.S. consumer.  ( 27 min )

Chinese e-commerce giant JD.com has denied speculation that its billionaire founder Richard Liu Qiangdong and his wife Zhang Zetian had emigrated to the US, crushing the latest rumours surrounding the personal life of one of the country's most well-known entrepreneurs. The Beijing-based firm wrote on its Weibo account on Monday that gossip circulating on social media, alleging that the couple had moved to the US or spent more than US$100 million there to buy luxury homes, were fabricated. It add  ( 31 min )

(Bloomberg) -- As Federal Reserve officials close in on the end of their tightening campaign, the debate is shifting from how high interest rates need to go to how long they should stay elevated.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia’s 2020 Presidential VoteOut of Options and Money, Argentina Presses the Panic ButtonChina C  ( 32 min )

(Bloomberg) -- As headline oil prices edge ever closer to $90 a barrel, there’s little sign of a let up in the day-to-day demand that’s underpinned the rally.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia's 2020 Presidential VoteOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Sessio  ( 33 min )

(Bloomberg) -- European equities were little changed amid a summer slowdown and after China’s central bank unexpectedly reduced a key interest rate.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia's 2020 Presidential VoteOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets  ( 32 min )

(Bloomberg) -- The yuan slid to the weakest level since November and China’s sovereign bonds rallied after the central bank unexpectedly cut a key interest rate in an effort to boost its ailing economy.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapTrump Indicted  ( 33 min )

MOSCOW (Reuters) -Russia's central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate move to try and halt the rouble's weakening past 100 to the dollar after a public call from the Kremlin for tighter monetary policy. The extraordinary rate meeting came after the rouble plummeted past the 100 threshold against the dollar on Monday, dragged down by the impact of Western sanctions on Russia's balance of trade and as military spending soars. President Vladimir Putin's economic adviser Maxim Oreshkin on Monday rebuked the central bank blaming what he called its soft monetary policy on the weakening rouble.  ( 30 min )

Buffett's company added a trio of home-construction companies to its stock portfolio last quarter, while it cut or exited several other positions.  ( 32 min )

Barron's looked at stocks in the Russell 3000 that have done little for the past five years and identified 10 stocks where improving analyst sentiment could signal better days ahead.  ( 27 min )

(Bloomberg) -- China’s central bank unexpectedly reduced a key interest rate by the most since 2020 to bolster an economy that’s facing fresh risks from a worsening property slump and weak consumer spending.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Election With Primary WinChina Finance Giant’s Missed Paymen  ( 32 min )

The Church of Jesus Christ of Latter-day Saints' has an investment portfolio topping $100 billion that includes $49.3 billion invested in stocks.  ( 31 min )

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(Bloomberg) -- Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billion) under management. Now it risks becoming the latest Chinese financial giant to fail.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesTech Giants, Yields Tick Up in Choppy Session: Markets WrapOut of Options and Money, Argentina Presses the Panic ButtonOutsider Milei Upends Argentina’s Election With P  ( 33 min )

(Bloomberg) -- Hawaiian Electric Industries Co., which supplies roughly 95% of the state’s residents with power, traces its roots back to 1891, just a decade after King Kalakaua met Thomas Edison to see the incandescent light bulb. Now, the utility is facing what’s shaping up to be the biggest-ever test over its future. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Elect  ( 33 min )

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Learn how to lower your income and estate tax bills while building wealth through permanent life insurance.  ( 23 min )

Personal loan rates dipped slightly this week to 20.59%, dropping 6 basis points since last week when the average personal loan rate sat at 20.65%.  ( 18 min )

Binance Coin (BNB) is the native currency of the Binance exchange which follows the ERC 20 standard.  ( 23 min )

U.S. equities slumped, with the S&P 500 tumbling 1.16% on Tuesday, Aug. 15, 2023, amid worries about China's economy and possible Fed rate hikes.  ( 17 min )

The European Single Market is an entity created by a trade agreement among participating nations, including the member nations of the European Union.  ( 21 min )

The banking sector is weathering impacts from the spring turmoil, but higher credit card debt helped push loan balances higher as consumers borrowed to beat inflation, an FDIC report showed this week.  ( 17 min )

Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.  ( 19 min )

The Atlanta Fed’s GDPNow tracker estimates GDP will grow at an annual rate of 5% in the third quarter after a surprising jump in retail sales.  ( 17 min )

Shares of Wheels Up skyrocketed after Delta Air Lines, Certares Management, and Knighthead Capital Management bailed out the private charter jet provider and took control of the firm.  ( 17 min )

Shares of Vietnam-based electric vehicle maker VinFast soared on their first day of trading on the Nasdaq after going public through a special purpose acquisition company.  ( 17 min )

A mix of federal and state laws protects borrowers from predatory lenders. These laws range from capping interest rates to banning the practice altogether.  ( 28 min )

You can file bankruptcy on a car loan, but it’s not a good way of getting out of your car loan. You won’t be able to both expunge the loan and keep your car.  ( 23 min )

New crypto projects emerge frequently, which makes it even more important to know how to assess the market.  ( 27 min )

Business loans vary widely with the terms they provide borrowers. Some are shorter term, others are long term. Learn about the average business loan term.  ( 22 min )

The Federal Reserve could keep its benchmark interest rate at least at its current level—the highest since 2001—through the end of the year and beyond, said Neel Kashkari, president of the Federal Reserve Bank of Minneapolis.  ( 18 min )

The burning-cost ratio is an insurance industry calculation of excess losses divided by the total subject premium.  ( 18 min )

Business inventories ticked 0.1% lower in June, extending the downward trajectory they've been on since hitting highs last year as demand slows.  ( 17 min )

A mortgage broker is an intermediary who brings mortgage borrowers and mortgage lenders together but does not use its own funds to originate mortgages.  ( 24 min )

Last year was the first to show a decrease since 2008, largely driven by losses in the United States, Japan, China, Canada, and Australia.  ( 17 min )

With mortgage rates nearly at 7% per Freddie Mac, builder confidence is starting to stumble.  ( 17 min )

Thinking about investing in nonfungible tokens (NFTs)? Find out the pros and cons of owning tokenized assets before you make any NFT purchase decisions.  ( 22 min )

Appaloosa nearly tripled its stockholdings, buying up large positions across the tech and semiconductor industries while selling off shares of energy firms.  ( 18 min )

Bask Bank offers an attractive pair of savings accounts: One is a typical high-yield savings account, but the other earns American Airlines AAdvantage miles. See if Bask Bank makes sense for your money.  ( 22 min )

Golden hammer refers to an excessive dependence upon a specific tool to perform many different functions.  ( 18 min )

A closed virtual currency is an unregulated digital currency used as payment only within certain virtual communities.  ( 18 min )

Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.  ( 21 min )

A major ratings company warned it may downgrade the outlook for more than 70 U.S. banks, including some of the largest institutions, a move that could push interest rates for consumer loans higher.  ( 18 min )

A denomination is the stated or face value of financial instruments such as currency, bonds and other fixed-income investments.  ( 18 min )

An Abbreviated New Drug Submission (ANDS) is a written request to obtain marketing approval for a generic drug in Canada.  ( 18 min )

Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.  ( 22 min )

Corrective waves are a set of price movements normally associated with the Elliott Wave Theory of technical analysis.  ( 18 min )

Value investment manager Baupost bought a stake in Amazon.com in the second quarter, despite Amazon's 2023 stock surge that has more than doubled its price-to-earnings ratio.  ( 17 min )

Greenlight Capital, the hedge fund of David Einhorn upped its stake in Net Power and added stakes in Onex Corp. and Activision.  ( 17 min )

A minority IPO, also known as a partial IPO, is a type of initial public offering (IPO) in which a parent company partially divests itself of one of its subsidiaries.  ( 18 min )

U.S. equities dropped at midday on Tuesday, Aug. 15, 2023, amid concerns about China's economy and a surprise interest rate cut by the country’s central bank, as well as the possibility of more Fed rate hikes in the U.S.  ( 16 min )

Shares of Getty Images tumbled to their lowest level since March after the company reported strikes by TV and movie actors and writers are having a negative impact on revenues.  ( 17 min )

E*TRADE savings account interest rates can't compete with the best, but high-net-worth individuals can benefit from its higher FDIC insurance coverage.  ( 20 min )

Shares of Sea Limited tumbled after the Singapore-based online retail and gaming site missed sales estimates and indicated it plans to increase spending on e-commerce.  ( 18 min )

A bond ratio is a financial ratio that expresses the leverage of a bond issuer.  ( 19 min )

Determining creditworthiness of smaller and medium-sized corporations isn't as easy as for larger companies, but these tips can help.  ( 20 min )

An intermarket spread involves purchasing long futures in one market and selling short futures of a related commodity with the same expiration.  ( 19 min )

Double-cycle billing is a now-banned practice of billing credit card customers by charging interest on the average debt accrued over the last two months, instead of just for the current month.  ( 20 min )

SoFi savings account interest rates are above average and the financial services company charges no bank fees—two reasons this savings option is worth considering.  ( 21 min )

Edmund Phelps is an American professor of political economy at Columbia University and winner of the 2006 Nobel Prize in Economics.  ( 19 min )

Industrial conglomerate Esmark offered to buy U.S. Steel for $7.8 billion, shortly after U.S. Steel rejected a $7.25 billion bid from Cleveland-Cliffs.  ( 17 min )

Today's top rates on a nationwide money market account are 5.25% from UFB Direct, 5.21% from Republic Bank of Chicago, and 5.05% from All America Bank and Redneck Bank.  ( 20 min )

Renting out a portion of your home to help pay the mortgage sounds like a great idea, but it may not work out the way you planned.  ( 22 min )

Home Depot beat profit and sales estimates, despite lower revenue as consumers spent less on discretionary purchases, while the boost from a pandemic-era home improvement boom faded.  ( 18 min )

Here are some of the factors that determine how consumers change their spending and saving habits in response to changes in interest rates.  ( 20 min )

Shoppers continued to buoy the economy in July, as retail sales came in higher than analysts expected Tuesday.  ( 17 min )

Investment fund Pershing Square has cut its stakes in consumer stocks, adding to its Alphabet holdings for AI exposure.  ( 17 min )

Mortgage rates climbed again, with the 30-year average rising to its highest level in more than five weeks. Rates were up for most loan types, while a few averages were flat.  ( 20 min )

Tesla shares slipped after introducing Model X and S versions in the U.S. that cost about $10,000 less and have a shorter driving range.  ( 17 min )

Certificates of deposit (CDs) can be a great financial tool to get a guaranteed return on your investment. Compare Fidelity CD rates and see if they are right for you.  ( 21 min )

When it comes to weighing whether a bank or a credit union would be better for getting a personal loan, the answer will largely depend on your financial circumstances and personal preferences.  ( 23 min )

A detailed look at how federal, state, and local governments can use the law of eminent domain to seize private property that is deemed to be necessary for the public good.  ( 25 min )

A guardian is an individual who has been given the legal responsibility to care for a child or an adult who does not have the capacity for self-care.  ( 21 min )

A conservatorship is when a court appoints someone to manage the financial and personal affairs of an incapacitated person or minor.  ( 23 min )

Racketeering typically refers to crimes committed through extortion or coercion. The term is typically associated with organized crime.  ( 28 min )

Despite office market woes, commercial real estate loans topped $3 trillion earlier this year, rising in every region and led by community banks.  ( 18 min )

Berkshire Hathaway bought up more than $800 million in home construction stocks last quarter while trimming positions in energy, insurance, materials, and healthcare.  ( 18 min )

Hedge fund investor Dan Loeb's fund has pivoted further toward AI, slashing a big stake in defensive stocks such as Colgate to buy Amazon, Nvidia, and TSMC.  ( 17 min )

Consumer spending is expected to tick higher for the fourth straight month, while Home Depot sales fall as consumers pull back on big-ticket items. Here’s what investors need to know today.  ( 18 min )

Learn about Okun’s law, Arthur Okun’s findings on the relationship between economic growth and unemployment levels, why it is important, and how it has stood the test of time.  ( 28 min )

In real-life situations, simple interest works in your favor when you're a borrower but against you when you're an investor.  ( 20 min )

There are specific factors that affect a country's overall balance of trade and how it is used as an economic indicator.  ( 26 min )

A seed stock is any stock which represents a company that develops and produces seeds for planting crops.  ( 19 min )

A loss adjustment expense (LAE) is an expense associated with investigating an insurance claim. Learn how LAE helps measure a company’s profitability.  ( 22 min )

Sovereign debt can play an important role in providing international diversification to individual investors.  ( 21 min )

Boat owners' insurance is an insurance policy that provides coverage for individuals who own and operate a boat or personal watercraft.  ( 19 min )

Almost all banks, both traditional and online-only, allow you to open checking accounts online. Here's how to do it, including how to navigate problems.  ( 24 min )

Sovereign defaults, in which a nation can't pay its debts and is technically bankrupt, are actually more common than you think. Learn more about their impact.  ( 24 min )

Moody's provides economic analysis software and rates securities based on assessed risk and the borrower's ability to make interest payments.  ( 23 min )

Could cryptocurrency technology help to untangle the beleaguered industry?  ( 20 min )

Affordable market value (AMV) is the price charged for an apartment building sold through the FDIC’s Affordable Housing Program.  ( 23 min )

U.S. equities slumped, with the S&P 500 tumbling 1.16% on Tuesday, Aug. 15, 2023, amid worries about China's economy and possible Fed rate hikes.  ( 1 min )

Greenlight Capital, the hedge fund of David Einhorn upped its stake in Net Power and added stakes in Onex Corp. and Activision.  ( 1 min )

Appaloosa nearly tripled its stockholdings, buying up large positions across the tech and semiconductor industries while selling off shares of energy firms.  ( 1 min )

Value investment manager Baupost bought a stake in Amazon.com in the second quarter, despite Amazon's 2023 stock surge that has more than doubled its price-to-earnings ratio.  ( 1 min )

Investment fund Pershing Square has cut its stakes in consumer stocks, adding to its Alphabet holdings for AI exposure.  ( 1 min )

U.S. equities dropped at midday on Tuesday, Aug. 15, 2023, amid concerns about China's economy and a surprise interest rate cut by the country’s central bank, as well as the possibility of more Fed rate hikes in the U.S.  ( 1 min )

Consumer spending is expected to tick higher for the fourth straight month, while Home Depot sales fall as consumers pull back on big-ticket items. Here’s what investors need to know today.  ( 1 min )

Hedge fund investor Dan Loeb's fund has pivoted further toward AI, slashing a big stake in defensive stocks such as Colgate to buy Amazon, Nvidia, and TSMC.  ( 1 min )

Despite office market woes, commercial real estate loans topped $3 trillion earlier this year, rising in every region and led by community banks.  ( 1 min )

The S&P 500 rose 0.6% on Monday, Aug. 14, 2023, while the Dow and Nasdaq gained as well, as semiconductor stocks boosted the indexes.  ( 1 min )

Shares of Vietnam-based electric vehicle maker VinFast soared on their first day of trading on the Nasdaq after going public through a special purpose acquisition company.  ( 1 min )

Industrial conglomerate Esmark offered to buy U.S. Steel for $7.8 billion, shortly after U.S. Steel rejected a $7.25 billion bid from Cleveland-Cliffs.  ( 1 min )

Tesla shares slipped after introducing Model X and S versions in the U.S. that cost about $10,000 less and have a shorter driving range.  ( 1 min )

Berkshire Hathaway bought up more than $800 million in home construction stocks last quarter while trimming positions in energy, insurance, materials, and healthcare.  ( 1 min )

De storing bij de Nederlandse Loterij, waardoor overgemaakt geld niet in de digitale portemonnee van deelnemers terechtkwam, is weer verholpen. Het overgemaakte geld wordt teruggestort.  ( 3 min )

Diverse economen denken dat ons land in het tweede kwartaal net niet in een recessie is beland. Woensdag worden cijfers hierover bekendgemaakt en de verwachting is dat er een kleine groei is geweest.  ( 5 min )

Door een storing bij de Nederlandse Loterij verschijnt overgemaakt geld niet in de digitale portemonnee van klanten. Met de zogeheten wallet kunnen deelnemers meespelen met de verschillende spellen van de Nederlandse Loterij.  ( 3 min )

De Nederlandse fietsenfabrikant VanMoof vraagt ook in Duitsland faillissement aan. Dat blijkt uit een uitspraak van de rechtbank in Berlijn. Eerder gingen de Nederlandse activiteiten van het bedrijf al op de fles.  ( 4 min )

YouTube gaat alle video's verwijderen waarin schadelijke of onbewezen kankerbehandelingen worden gepromoot. De videosite heeft dinsdag een nieuw beleid ingevoerd tegen de verspreiding van medische desinformatie.  ( 3 min )

Reizigersorganisatie Rover is niet blij met het plan van NS om de treinkaartjes duurder te maken. Volgens de belangenclub dreigt reizen met de trein voor mensen met een smalle beurs onbetaalbaar te worden.  ( 5 min )

Voor het einde van het jaar zal China meer auto's exporteren dan Japan, verwachten onderzoekers van Moody's. Eerder haalden de Chinezen Duitsland en Zuid-Korea al in.  ( 3 min )

Voor het einde van het jaar zal China meer auto's exporteren dan Japan, verwachten onderzoekers van Moody's. Eerder haalden de Chinezen Duitsland en Zuid-Korea al in.  ( 3 min )

Streamingdienst Netflix gaat naast films en series ook games aanbieden. Om de spelletjes op je televisie te spelen, hoef je geen joystick aan te schaffen. Netflix-klanten kunnen hun smartphone als controller gebruiken.  ( 3 min )

Op NU.nl vind je elke dag een stelling die bij het nieuws past. Energiebedrijf Vandebron gaat klanten met zonnepanelen tot tientallen euro's per maand extra in rekening brengen. Als het aan de Tweede Kamer ligt, wordt de salderingsregeling de komende jaren ook afgebouwd. Vandaag is de stelling: "Door extra kosten wordt het steeds minder aantrekkelijk om zonnepanelen te nemen." Breng je stem uit en discussieer mee.  ( 2 min )

De roebel daalt al maanden in waarde en de centrale bank in Rusland probeert daar nu met een stevige rente-ingreep een einde aan te maken. Dat lijkt direct na het besluit ook even te werken.  ( 3 min )

Op NU.nl vind je elke dag een stelling die bij het nieuws past. Energiebedrijf Vandebron gaat klanten met zonnepanelen tot tientallen euro's per maand extra in rekening brengen. Als het aan de Tweede Kamer ligt, wordt de salderingsregeling de komende jaren ook afgebouwd. Vandaag is de stelling: "Door extra kosten wordt het steeds minder aantrekkelijk om zonnepanelen te nemen." Breng je stem uit en discussieer mee.  ( 2 min )

Streamingdienst Netflix gaat naast films en series ook games aanbieden. Om de spelletjes op je televisie te spelen, hoef je geen joystick aan te schaffen. Netflix-klanten kunnen hun smartphone als controller gebruiken.  ( 3 min )

Energiebedrijf Vandebron gaat klanten met zonnepanelen tientallen euro's per maand extra in rekening brengen. Ruim 70.000 klanten gaan meer meebetalen aan de kosten voor het terugleveren van stroom aan het netwerk.  ( 4 min )

De Chinese economie zit in zwaar weer. De economische groei is zeer laag en er is sprake van deflatie, waarbij prijzen dalen mede doordat consumenten minder uitgeven. De Chinese centrale bank probeert met een renteverlaging voor herstel te zorgen.  ( 3 min )

Energiebedrijf Vandebron gaat klanten met zonnepanelen tientallen euro's per maand extra in rekening brengen. Ruim 70.000 klanten gaan meer meebetalen aan de kosten voor het terugleveren van stroom aan het netwerk.  ( 4 min )

Commerciële schepen die door het Panamakanaal varen, krijgen te maken met lange wachtrijen en vertragingen als gevolg van een langdurige droogte die het Midden-Amerikaanse land teistert.  ( 3 min )

Legendary value investor and innovator Rob Arnott of Research Affiliates joins The Express to explain what value investing really means today, and why the time is right for this style of portfolio allocation.  ( 19 min )

Online shoplifting is a type of theft involving dishonest chargebacks and piracy targeting online or ecommerce merchants.  ( 18 min )

The front fee is the option premium paid by an investor upon the initial purchase of a compound option. A compound option is an option on an option.  ( 18 min )

Today's best CD rates are 5.90% from Pelican State Credit Union for two years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.  ( 20 min )

Advisors can help clients experiencing grief by following these five tips.  ( 24 min )

Estimated long-term return is a hypothetical measure that forecasts an investor's expected return over the life of an investment.  ( 18 min )

Swiss banking giant UBS agreed Monday to pay roughly $1.4 billion to settle a lawsuit regarding its handling of residential mortgage-backed securities (MBS) in the years leading up to the 2008 financial crisis.  ( 18 min )

The S&P 500 rose 0.6% on Monday, Aug. 14, 2023, while the Dow and Nasdaq gained as well, as semiconductor stocks boosted the indexes.  ( 16 min )

Eli Lilly shares hit an all-time high as the drugmaker closed two acquisitions, including one related to the hot market for weight-loss treatments.  ( 17 min )

Digital art and cryptocurrency enthusiasts may appreciate an NFT gift for the holidays.  ( 26 min )

U.S. banks could be increasingly exposed to a deteriorating corporate credit market, which has been plagued by rising interest rates, persistently high inflation, and an uncertain economic outlook.  ( 18 min )

Shares of Hawaiian Electric Industries plunged to their lowest level in more than 13 years on concerns the power company could face liability claims related to the wildfires in Maui.  ( 17 min )

Former Apple executive, Peter Stern, will craft new customer experiences at Ford, as the company expands it's electric fleet and self-driving technology.  ( 17 min )

Client attrition after the fallout of the merger between Charles Schwab and TD Ameritrade is still in-line or slightly better than the company's predictions for the year, but Charles Schwab stock continues to disappoint on the charts despite earnings beats.  ( 17 min )

Life insurance agents receive a commission, which gives them an incentive to sell bigger policies and specialized financial products. Here's how to factor that in before you buy.  ( 22 min )

A robo-advisor is a type of automated financial advisor that provides algorithm-driven wealth management services with little to no human intervention. Here’s how it works.  ( 31 min )

A C corporation is a company whose owners or shareholders are taxed separately from the corporation itself, and whose profits are taxed on both a business and a personal level.  ( 25 min )

Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.  ( 20 min )

USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.  ( 20 min )

It's no longer a free ride, but there are still tax benefits to doing so.  ( 19 min )

Swell is Ripple's annual conference for leaders in the cryptocurrency space.  ( 22 min )

AMC won court approval for converting its APE shares to common stock to end shareholder litigation and paves the way for the company to raise much-needed capital.  ( 17 min )

Completed operations insurance is a term for insurance that covers a contractor's liability once contracted operations cease.  ( 17 min )

U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.  ( 17 min )

Consumers are the most optimistic about inflation that they've been since April 2021—which could be a good sign for the economy.  ( 17 min )

The term "as their interests may appear" (ATIMA) is a standard line in a business insurance plan that covers other parties doing business with the insured.  ( 20 min )

Getting a personal loan may seem daunting, but as with so much else, the internet makes it easy. Learn how to get a personal loan online.  ( 23 min )

The times-revenue method determines the maximum value of a company as a multiple of its actual revenue for a set period.  ( 23 min )

U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.  ( 17 min )

Rates for all mortgages not only climbed Friday, but by double digits for most loan types. The 30-year and 15-year averages each jumped up about a quarter point.  ( 20 min )

Shares of Nikola sank after the electric vehicle maker voluntarily recalled 209 of its Class 8 Tre semi-trucks because of potential battery fires.  ( 16 min )

If the system is rigged, as Warren sees it, it must be broken and remade. Here's how she plans to.  ( 27 min )

U.S. Steel's shares surged on Monday after it rejected an unsolicited offer worth $7.25 billion Cleveland-Cliffs, and said it was reviewing strategic options.  ( 17 min )

PayPal shares rose in early trading on Monday after it tapped Intuit's Alex Chriss as its new CEO.  ( 17 min )

Stocks of well-known companies trade on major exchanges but must be listed first. Unlisted companies trade on Pink Sheets or the Over-the-Counter Bulletin Board.  ( 23 min )

It's been a job-seekers' market nationwide as the economy has recovered the pandemic, but the number of jobs openings is outstripping the available workers in some states more than others.  ( 19 min )

Pink market stocks can increase portfolio returns by large magnitudes in a short time but come with significant risks associated with OTC markets.  ( 23 min )

Using more than one financial advisor for money management has its pros and cons.  ( 20 min )

Beneficiaries of a trust typically pay taxes on distributions from the trust's income but not on the distributions of the principal.  ( 23 min )

Find out the tax implications of three types of bonds—government bonds, municipal bonds, and corporate bonds—and what you can do as an investor.  ( 25 min )

Before you decide to retire, consider the pros and cons of quitting work at different ages to make sure you have the financial resources you'll need.  ( 26 min )

Apple supplier Foxconn, the world's biggest contract electronics maker, beat estimates for second-quarter earnings as demand for artificial intelligence infrastructure soared.  ( 18 min )

Stocks trading on the OTC Pink Open Market include many good companies waiting to be discovered. Find out more about the OTC's three markets.  ( 24 min )

Online banks are considered safe for banking, especially when they have FDIC protection. Learn more about the risks and safety features of online banks.  ( 23 min )

"Pink sheets" is an outdated term used to describe stocks that trade over-the-counter (OTC) in the U.S. rather than on a major stock exchange.  ( 26 min )

Tesla shares slid after cutting prices on some models in China, raising concerns about an EV price war.  ( 18 min )

A lending facility is used by central banks when lending funds to primary dealers that can conduct business with the U.S Federal Reserve.  ( 22 min )

There are many methods used by the government to control inflation; one popular method is contractionary monetary policy.  ( 26 min )

Social media sites and apps have helped people around the world to connect and create virtual communities based on common interests.  ( 23 min )

U.S. Steel shares jump after it rejects a takeover bid from Cleveland-Cliffs and Tesla shares fall after it cut prices on models in China. Here’s what investors need to know today.  ( 19 min )

Care, custody, or control (CCC) is a liability insurance exclusion that removes indemnification for the insured when a property is in their care.  ( 19 min )

Interest rates are commonly determined by a central bank and influenced by the finances of individuals, businesses, and governments. Learn more about how rates are set.  ( 22 min )

Learn about the responsibilities of the International Monetary Fund and its functions regarding the international monetary system's stability.  ( 21 min )

Ground-up loss is the total amount of loss covered by an insurance policy. It is an important number to know when choosing plans.  ( 19 min )

In the case of an accident, Class 1 Insurance covers the policyholder and owner of the vehicle, as well as a relative who lives with the policyholder, a pedestrian, or a bicyclist.  ( 18 min )

Het aantal fotografen in Nederland is de afgelopen vijf jaar flink gegroeid. Vooral het aantal vrouwen in de fotografie nam toe.  ( 4 min )

Luchtvaartmaatschappij Ryanair moet 400 euro betalen aan passagiers die afgelopen najaar vertraging opliepen omdat een steward te veel alcohol had gedronken.  ( 3 min )

Wie met de trein naar bijvoorbeeld Berlijn of Parijs wil, heeft straks meer keus. Volgens een nieuw contact tussen de overheid en het spoorbedrijf rijden er de komende jaren meer treinen op diverse internationale trajecten.  ( 4 min )

Big Bazar sluit twintig winkels die verlies maken en wil voor nog twintig winkels huurverlagingen krijgen. Volgens directeur Heerke Kooistra is dat nodig om de koopjesketen "gezond te houden".  ( 4 min )

Budgetvlieger Ryanair annuleert maandag en dinsdag 88 vluchten van en naar het vliegveld in de Belgische stad Charleroi vanwege een staking van piloten. Dat meldt de Belgische luchthaven, die doorgaans ook door veel Nederlanders wordt bezocht.  ( 3 min )

Hoewel de roebel behoorlijk in de verdrukking zit, werkt Rusland toch aan een digitale variant van de eigen valuta. De digitale roebel wordt vanaf dinsdag voor het eerst in de praktijk getest. De daadwerkelijke invoering moet al in 2025 gebeuren.  ( 4 min )

Het Nederlands Forensisch Instituut (NFI) heeft mede dankzij een Europees samenwerkingsproject honderden cryptotelefoons van zware criminelen kunnen kraken. Misdadigers gebruiken zulke telefoons om niet afgeluisterd te kunnen worden.  ( 3 min )

Onder anderen Nederlanders, Duitsers en Spanjaarden kochten de afgelopen vijf jaar in groten getale een kampeerauto. Daardoor steeg het Europese camperbezit sinds 2017 met zo'n 50 procent, naar bijna 2,8 miljoen exemplaren.  ( 3 min )

Van alle studenten die komend studiejaar recht hebben op een basisbeurs, heeft zo'n 90 procent de beurs inmiddels aangevraagd. Maandag staat de teller op 391.288. Begin juli waren ruim 200.000 aanvragen ingediend.  ( 3 min )

Investeringsbedrijf Exor heeft zich voor 15 procent ingekocht bij Philips. De investeerder is in handen van de Italiaanse familie Agnelli, die ook achter onder meer het automerk Fiat en voetbalclub Juventus zit.  ( 3 min )

De energiecrisis is nog niet voorbij, waarschuwde een bestuurder van Essent-moederbedrijf E.ON eerder deze week. De energieprijzen zouden bij een koude winter opnieuw kunnen oplopen. Wat kunnen we verwachten?  ( 4 min )

De energiecrisis is nog niet voorbij, waarschuwde een bestuurder van Essent-moederbedrijf E.ON eerder deze week. De energieprijzen zouden bij een koude winter opnieuw kunnen oplopen. Wat kunnen we verwachten?  ( 4 min )

President Joe Biden released a statement Monday outlining what the Detroit automakers and UAW should be looking to achieve in a new contract.  ( 33 min )

The end of earnings season always offers an opportunity to figure out what lies in store for the following months. With the Q2 results for companies in the energy sector now available, it’s time to look toward the key investment themes ahead in the space. That’s exactly what Goldman Sachs analysts have been doing. While the energy team remains “constructive” on Energy Service companies as a whole, moving forward, they see the “importance of idiosyncratic self-help drivers” as a key theme that wi  ( 35 min )

2023 has been a strong year in US markets thus far with the S&P 500 (INDEX: .INX) up 17%. This has been led by tech giants like Apple Inc (NASDAQ: APPL), up 43.06% YTD, and Meta Platforms Inc, (NASDAQ: FB) up over 143% since the start of the year. But few stocks have done as well as NVIDIA Corp (NASDAQ: NVDA), up a whopping 202.4% YTD. NVIDIA’s success, and that of much of tech, has come from its involvement in artificial intelligence. The company produces “superchips” that underlie the technolo  ( 32 min )

Warren Buffett made few changes to his stock holdings in the second quarter, but new bets on US homebuilders suggest some optimism from the Oracle of Omaha about the US housing market.  ( 33 min )

Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.  ( 21 min )

Berkshire Hathaway also added to its investment in Capital One Financial and eliminated a position in McKesson.  ( 26 min )

U.S. Steel previously rejected a cash-and-stock offer from rival Cleveland-Cliffs; Esmark says it will pay $35 a share in cash.  ( 28 min )

Warren Buffett’s Berkshire Hathaway bought roughly $4.6 billion of stocks in the second quarter. Here are some of the changes the company made to its stock portfolio in the three months through June, according to its latest 13F filing released after the bell Monday. New Positions: **D.R. Ho  ( 22 min )

Eli Lilly shares hit an all-time high as the drugmaker closed two acquisitions, including one related to the hot market for weight-loss treatments.  ( 18 min )

Wall Street looked to shake off a rough August so far.  ( 31 min )

(Bloomberg) -- He once ended an earnings call with a diatribe calling out a Goldman Sachs Group Inc. analyst by name: “You can run, but you can’t hide.” Three years later, another Goldman analyst was “W-R-O-N-G wrong.” Other targets have been “blind,” “horrible” and embarrassments to their parents. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapO  ( 34 min )

Client attrition after the fallout of the merger between Charles Schwab and TD Ameritrade is still in-line or slightly better than the company's predictions for the year, but Charles Schwab stock continues to disappoint on the charts despite earnings beats.  ( 17 min )

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(Bloomberg) -- Esmark Inc. has offered to buy United States Steel Corp. for $35 a share, trumping an earlier bid from Cleveland-Cliffs Inc. US Steel shares spiked on the news, rising as much as 43%.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOutsider Milei Upends Argentina’s Election With Primary WinBig Tech Takes the Lead in Thin Trading Session: Markets WrapChina Finance Giant’s Missed Payments Alarm Regulators, MarketsZuckerberg Says ‘Time to Move On’ From  ( 31 min )

Stocks look overpriced relative to corporate profits and risk-free assets like government bonds, and higher interest rates will bite, Gross said.  ( 31 min )

Former Disney CEO Michael Eisner has struck a deal to sell Bazooka Candy Brands to global buyout firm Apax Partners in a deal that values the iconic gum maker at around $700 million including debt.  ( 27 min )

What does the currency’s collapse mean for Vladimir Putin’s ability to wage war?  ( 32 min )

The $40 billion exchange offer for shares of Kenvue expires Friday but brokerage firms want retail investors to make their instructions before then  ( 26 min )

Famed investor Michael Burry exited stakes in several banks he opened during the first quarter amid a banking crisis that saw several US lenders go under in a matter of weeks.  ( 34 min )

Michael Burry, the money manager made famous in the book and film "The Big Short," held bearish options against the broad S&P 500 and Nasdaq 100 Index at the end of the second quarter, according to securities fillings released on Monday. Burry's Scion Asset Management bought put options with a notional value of $739 million against the popular Invesco QQQ Trust ETF during the quarter, and separate put options with a notional value of $886 million against the SPDR S&P 500 ETF. Michael Lewis' nonfiction book "The Big Short" was released in 2010 and the movie version came out in 2015.  ( 31 min )

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(Bloomberg) -- Investors are bailing out of the biggest exchange-traded fund devoted to Treasuries at the fastest pace since markets were hammered during the early months of the pandemic.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOutsider Milei Upends Argentina’s Election With Primary WinBig Tech Back in the Driver’s Seat as Stocks Climb: Markets WrapChina Finance Giant’s Missed Payments Alarm Regulators, MarketsZuckerberg Says ‘Time to Move On’ From Musk Cag  ( 31 min )

The Russian ruble fell to its lowest level in 16 months on Monday morning as the currency continues to take a beating from its invasion of Ukraine.  ( 32 min )

(Bloomberg) -- Argentina devalued the official peso about 18%, an admission by the government that it ran out of options to defend an unsustainable exchange rate amid dwindling reserves after a heavy electoral defeat on Sunday.Most Read from BloombergRuble Plunges Past 100 Per Dollar as Infighting Goes PublicOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Billion Cliffs BidAmerica’s Fastest Gro  ( 31 min )

AMC Entertainment CEO Adam Aron said a court decision to allow the company’s reverse 1-for-10 stock split was an "absolute imperative" in the wake of the COVID-19 pandemic.  ( 31 min )

President Joe Biden is asking major U.S. automakers and their workers' union to reach an agreement that takes “every possible step to avoid painful plant closings” as the sector transitions to electric vehicles. The president has not yet been by the United Auto Workers as he seeks reelection, despite his broad support from organized labor going into the 2024 campaign. The UAW represents 146,000 workers at Ford, General Motors and Stellantis, which are commonly known as the big three automakers.  ( 32 min )

Stocks of smaller banks were feeling some pain on Monday. KeyCorp (ticker: KEY), an Ohio regional bank, was down 4%, making it the S&P 500's biggest loser. Truist Financial Corporation (TFC) and Fifth Third Bancorp (FITB) weren't far behind KeyCorp, losing 3.2% and 3.1%, respectively. Comerica In  ( 12 min )

A “modest number” of advisors who custodied client money at TD Ameritrade moved their business elsewhere, according to Schwab.  ( 26 min )

The United Steelworkers (USW) international president said on Monday that the union supports North American steel producer Cleveland-Cliffs' bid to acquire rival, United States Steel Corp, adding that the company is the best strategic buyer. Cleveland-Cliffs said on Sunday that it offered to buy U.S. Steel in a cash-and-stock deal valued at $35 per share, which represented a premium of 43% to U.S. Steel's last closing price. Cliffs went public with its offer after U.S. Steel rejected the bid as being "unreasonable" and instead announced a formal review process, saying the company received multiple bids for parts or all of its business.  ( 31 min )

(Bloomberg) -- PayPal Holdings Inc. named Alex Chriss chief executive officer, tapping a longtime fintech executive with a focus on small businesses to lead the beleaguered payments giant.Most Read from BloombergRuble Plunges Past 100 Per Dollar as Infighting Goes PublicOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Billion Cliffs BidAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ Ma  ( 33 min )

The U.S. stock market showed impressive gains in 2023, and the latest gross domestic product (GDP) figure exceeded expectations. But according to "Rich Dad Poor Dad" author Robert Kiyosaki, the picture might not be as rosy as it appears. "Don't they know the stock market is up because Biden raised debt ceiling. America's debt is going up ... so stock market going up," he wrote in a recent tweet. "America is broke." The author's concern about America's escalating debt was echoed by Fitch Ratings.  ( 32 min )

Investors sold off AMC stock on Monday as fears intensified that a conversion with APE shares will dilute the stock's value.  ( 32 min )

The S&P500 climbed higher Monday from big gains in a handful of high-flying tech names. In midday trading, the index moved up 0.4% to 4,480.93. Nvidia (ticker: NVDA) and Micron Technology (MU) took the lead, up 5% and 4.6%, respectively. Both stocks closed mostly in the red all of last week. Teled  ( 11 min )

Wells Fargo maintains an Underweight rating on Hawaiian Electric stock, and lowers the price target to $25 from $35.  ( 26 min )

Intuit executive Alex Chriss will become the president and CEO of digital payments company PayPal next month. Chriss will take over the CEO post from Dan Schulman, who told PayPal's board in February that he planned to retire at the end of the year. Schulman will stay on PayPal's board until its next annual shareholders meeting in May 2024.  ( 31 min )

Nvidia is Morgan Stanley's top stock pick going into earnings, with a price target on the shares that implies another big rally for the chipmaker.  ( 26 min )

Two suburban Philadelphia pharmaceutical companies are set to tie-up in a deal valued at up to $200 million.  ( 11 min )

IBM CEO Arvind Krishna announced a hiring pause in May, but that’s not all. Later that month, the CEO also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR) sector, will be the first to face these changes. In recent weeks, the company has opened up dozens of positions for AI-based roles to help develop and maintain these systems. See more on startup investing from Benzinga: Until 2016 it was illegal f  ( 32 min )

Before you decide to retire, consider the pros and cons of quitting work at different ages to make sure you have the financial resources you'll need.  ( 26 min )

(Bloomberg) -- The ruble crashed through the level of 100 to the dollar for the first time since March last year, as political infighting spilled into public view at a time when Russia’s war in Ukraine drags on and international sanctions throttle the economy. Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightAmerica’s Fastest Growing City Is Embracing ‘Ye  ( 33 min )

The history books show that the 9 months beginning October of a midterm election year prove to be the most consistently profitable spell in the stock market. Given the stock market gains recorded in the 9 months since last October, that trend played out again as expected. It’s a period billionaire Ken Fisher has termed the ‘midterm miracle.’ The nice thing about that timeframe, says Fisher, is that it is usually followed by another strong period, albeit not quite as fruitful. Fisher has a term f  ( 34 min )

Wells Fargo maintains an Underweight rating on Hawaiian Electric stock, and lowers the price target to $25 from $35.  ( 26 min )

For insight into where the Fed is headed with interest rates, this week and next should give plenty of clues---from central bank officials themselves. Minneapolis Fed President Neel Kashkari will speak at the APi Group Controllers Conference on Tuesday and the Jackson Hole Economic Symposium is the  ( 12 min )

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Alex Chriss will succeed Dan Schulman as chief executive effective Sept. 27, the company said.  ( 27 min )

AMC Entertainment's shares slid 35% on Monday on fears that the approval of a revised stockholder settlement will allow the company to issue more shares to raise capital, a move that will dilute the worth of each common share. The common shares dropped to $3.45, levels just before the meme stock mania of January 2021 when retail traders hyped up the stock on online forums like Reddit. The preferred stock units called "APE", which trade at a significant discount to common shares, jumped 15% to $2.05.  ( 32 min )

The common shares of the theatre chain operator fell 38% to $3.25 in premarket trading, while its preferred shares rose 18% to $2.09. AMC aims to increase its Class A common stock to 550 million from about 524 million, it said in a regulatory filing. The company would make a settlement payment of one Class A common stock for every 7.5 Class A shares to the entitled shareholders after the reverse stock split.  ( 31 min )

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Chesapeake Energy is finally exiting the Eagle Ford Shale in South Texas thanks to a $700 million deal with a Houston-based company.  ( 11 min )

My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to go into … Continue reading → The post Ask an Advisor: Can a Nursing Home ‘Take Our IRA?' My Wife and I Are Elderly. We Have a $100K IRA and a Trust to Protect Our Assets. appeared first on SmartAsset Blog.  ( 34 min )

Paying for a nursing home can seriously deplete your retirement savings. The government-funded Medicaid program can pay some or all nursing home costs, but it's restricted to people of very limited financial means. You may be able to qualify for … Continue reading → The post Does an Irrevocable Trust Protect Assets from Nursing Homes? appeared first on SmartAsset Blog.  ( 33 min )

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The company announced a voluntary recall of more than 200 of its battery-electric heavy-duty trucks due to the possibility of battery fires.  ( 26 min )

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One of this year's hottest trades is losing some steam. Nvidia shares edged lower ahead of the opening bell and are down around 15% from the highs touched in July. The stakes are high ahead of the chip maker's  ( 21 min )

(Bloomberg) -- Charles Schwab Corp. said it’s experiencing temporarily lower net flows of client money as the brokerage sees attrition of some retail and advisory clients’ assets while it integrates TD Ameritrade into its business.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaUS Steel Share  ( 31 min )

Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services. In recent months, consumers have been spending more on services such as travel and entertainment, while cutting down on non-essential purchases including clothing and home goods amid high inflation. "Target is going to suffer more versus the others because they have a much larger consumer discretionary element to their business," Edward Jones analyst Brian Yarbrough said.  ( 32 min )

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AMC Entertainment's shares slid 35% in premarket trading on Monday on fears that the approval of a revised stockholder settlement will allow to company to issue more shares to raise capital, a move that will dilute the worth of each common share. The common shares dropped to $3.45 in trading before the bell. The preferred stock units called "APE", which trade at a significant discount to common shares, jumped 27.5% to $2.27.  ( 32 min )

The company announced a voluntary recall of more than 200 of its battery-electric heavy-duty trucks due to the possibility of battery fires.  ( 26 min )

The billionaire Lloyd Blankfein even reportedly offered to come back to the company.  ( 32 min )

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The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and weaken demand for the national currency. President Vladimir Putin’s economic adviser, Maksim Oreshkin, on Monday blamed the weak ruble on “loose monetary policy” in an op-ed for state news agency Tass. Oreshkin said Russia’s central bank has “all the tools necessary” to stabilize the situation and said he expected normalization shortly.  ( 31 min )

U.S. Steel shares jump after it rejects a takeover bid from Cleveland-Cliffs and Tesla shares fall after it cut prices on models in China. Here’s what investors need to know today.  ( 18 min )

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Nikola Corp. shares fell in early trading after the manufacturer announced it will recall trucks and temporarily stop sales after several battery fires.  ( 31 min )

(Bloomberg) -- It’s a decisive week for investors looking to get involved in Johnson & Johnson’s record split-off of most of its $40 billion stake in Kenvue Inc., the maker of Tylenol and Listerine.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaUS Steel Shares Soar After It Rejects $7.25 Bil  ( 33 min )

Cleveland-Cliffs, the largest flat-rolled steel producer in North America, said on Sunday it offered to buy U.S. Steel in a cash-and-stock deal valued at $35 per share, which represented a premium of 43% premium to U.S. Steel's last closing price. Despite the surge, shares of U.S. Steel were trading well below the offer price at $27.92, indicating some investors believe a deal may not happen at that price.  ( 31 min )

The Charlotte banking veteran, who retired this year, is widely credited for leading Wells Fargo's transformation after its fake-accounts scandal. Here, she talks to CBJ about that process, her 38-year career and retirement plans.  ( 17 min )

Bank of China Ltd, China's fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response to Beijing's "common prosperity" drive, three sources with knowledge of the matter said. President Xi Jinping launched the common prosperity drive in 2021 as an effort to reduce income inequality, which could threaten long-term economic growth and even the legitimacy of Communist Party rule. The move follows pay cuts being made at investment banks such as China International Capital Corp (CICC).  ( 32 min )

↗️ U.S. Steel (X), Cleveland-Cliffs (CLF): The Pittsburgh steel manufacturer's share price leapt 29% premarket, after it [rejected an unsolicited offer](https://www.wsj.com/articles/u-s-steel-reject  ( 22 min )

The company has agreed to offload about 42,000 net acres and about 540 wells of its Eagle Ford asset located in Dimmit and Webb counties, along with related property, plant and equipment. In February, the gas producer agreed to sell a portion of its Eagle Ford asset to INEOS Energy for $1.4 billion.  ( 31 min )

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U.S. Steel rejects Cleveland-Cliffs bid and explores options, retailers reporting earnings, and other news to start your day.  ( 26 min )

It's all about stock dilution. A court ruling paves the way for APE units to be converted into common AMC stock, diluting the float.  ( 27 min )

Toyota Tundra and Tundra Hybrid vehicles, and Chrysler Jeep Wagoneer and Grand Wagoneer cars among 270,000 vehicles recently recalled.  ( 34 min )

Hollywood's favorite parlor game of the week: What will Bob Iger do next? From Culver City to New York City, the U.S. media and entertainment industry's powerbrokers are spinning scenarios about the future and the possible breakup of the industry's most powerful conglomerate. Walt Disney chief executive Iger, who returned to the company in November for a second stint, triggered the vigorous industry chatter in mid-July when he suggested during a CNBC interview that the company's television businesses, including its stations and cable channels, "may not be core to Disney."  ( 33 min )

The tech trade is having a painful August. You could put all the blame -- or most of it — on one thing.  ( 32 min )

(Bloomberg) -- About three years after Texas oil producer Denbury Inc. emerged from bankruptcy, four top executives are set to collect the final installment of a $121.5 million post-reorganization pay deal that rivals some of the industry’s most generous compensation packages.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightGoldman Pencils In Firs  ( 34 min )

After strong gains this year, U.S. equities have lost momentum in August, with the tech-heavy Nasdaq posting two straight weeks of declines for the first time in 2023 on Friday. Hotter-than-expected U.S. producer prices data last week fanned concerns that the Federal Reserve could keep interest rates higher for longer, driving up U.S. Treasury yields and weighing on rate-sensitive big technology and growth stocks. On Monday, as the yield on 10-year government treasuries ticked lower, shares of Microsoft, Nvidia and Meta Platforms rose between 0.2% and 0.5% in premarket trading.  ( 32 min )

The industry’s wartime windfall is dwindling.  ( 21 min )

The European medical-technology supplier is starting to emerge from a torrid period marked by the recall of machines for treating sleep apnea.  ( 26 min )

Bitcoin is seeing a period of historically low volatility. The absence of movement despite catalysts is beginning to look troubling to analysts.  ( 26 min )

Foxconn’s results mirror those of Apple’s most recent numbers, which showed a drop in iPhone and iPad sales.  ( 26 min )

The company, which was built by Andrew Carnegie and J.P. Morgan, might not be independent for much longer.  ( 32 min )

U.S. Steel rejects an unsolicited buyout offer from rival Cleveland-Cliffs, Tesla again cuts prices in China, and AMC stock tumbles after a court approves the movie-theater chain's revised stock-conversion plan.  ( 27 min )

(Bloomberg) -- Hon Hai Precision Industry Co. now expects 2023 sales to fall after previously forecasting flat revenue, sounding a warning about demand for the devices it makes for Apple Inc. and other global firms.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a  ( 32 min )

(Bloomberg) -- Trading in European stocks was muted on Monday as investors weighed signs of trouble in the Chinese property market before turning their attention to Federal Reserve policy minutes later in the week.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a W  ( 31 min )

(Bloomberg) -- The Agnelli family’s Exor NV bought a minority stake in Dutch medical technology company Koninklijke Philips NV.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaOutsider Milei Upends Argentina’s Election With Primary WinGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a Waiting Game to Try to Avoid a RecessionExor, a holding company, bought a 15% stake in P  ( 31 min )

(Bloomberg) -- China’s State Council released a plan to further attract foreign investment and improve the business environment, including tax and visa measures, as it seeks to bolster the flagging economy. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidChina aims  ( 31 min )

The rouble fell past 100 per U.S. dollar on Monday just as President Vladimir Putin's economic advisor said Russia was interested in a strong rouble and said that loose monetary policy was the main reason behind the Russian currency's weakening. The rouble fell to 100.35 roubles against the U.S. dollar in early trade. "The current exchange rate has deviated significantly from fundamental levels, and its normalization is expected in the near future," Putin's economic advisor Maxim Oreshkin told TASS news agency.  ( 30 min )

(Bloomberg) -- Country Garden Real Estate Group Co Ltd. said it will suspend trading in nearly a dozen onshore bonds starting Monday, two days after the Chinese real estate company’s controlling shareholder said it would report a multi-billion-dollar loss for the first half of this year.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsoli  ( 32 min )

Asian stock markets tumbled Monday after stronger U.S. inflation revived worries the Federal Reserve might hike interest rates again. Hong Kong's main market index plunged 2.4%. Wall Street's benchmark S&P 500 index slipped 0.1% on Friday after government data showed producer price inflation accelerated in July.  ( 34 min )

Plus, Treasuries as the unsafe asset  ( 5 min )

Caterpillar and DuPont are among the big companies that are lowering their expectations for a postpandemic boom.  ( 27 min )

It's been a nervy start to the week in Asia as concerns about China's debt-laden property sector take a toll on stocks and the yuan, which hit its lowest in a month despite a strong fix from the PBOC. Chinese blue chips lost 1.1%, on top of a 3.4% decline last week. One month of negative consumer prices is not really deflation, which is defined as a sustained fall in the price level across an economy.  ( 31 min )

BUENOS AIRES/LONDON (Reuters) -Argentina's government devalued its currency by nearly 18% on Monday while the benchmark interest rate was raised by 21 percentage points to 118%, the central bank said, as financial markets reeled the day after a shock primary election result. Congressman Javier Milei, a far-right libertarian who wants to axe the central bank and dollarize the economy, shook up the presidential elections on Sunday, winning 30% of the vote, the largest share with over 97% of ballots counted. "We think Argentine USD sovereign bonds present an attractive risk-reward profile, given their depressed valuations, positive correlation to commodity prices, and the potential political regime change," said Alejo Czerwonko, CIO for Emerging Markets Americas at UBS Global Wealth Management.  ( 32 min )

The market cap of TrueUSD has more than doubled since March, but some investors are concerned about its opaque ownership structure.  ( 27 min )

(Bloomberg) -- Tesla Inc. rolled out a new round of price cuts in China, sending auto stocks tumbling on concerns the move will respark a bruising price war that had showed signs of abating. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Outsider Milei Upends Argentina’s Election With Primary WinUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidThe Fed Is Playing a Waiting Game to Tr  ( 32 min )

(Bloomberg) -- Tesla Inc. has cut the price of its two higher-end Model Y vehicles in China by 14,000 yuan ($1,900) in the latest salvo in a bruising price war. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowThe electric vehicle maker cut the price of its Model  ( 31 min )

Asian stock markets tumbled Monday after mixed U.S. economic data revived worries the Federal Reserve might hike interest rates again. Hong Kong's main market index plunged 2.3% and Shanghai, Tokyo and Sydney also fell. Wall Street's benchmark S&P 500 index slipped 0.1% on Friday after government data showed producer price inflation accelerated in July.  ( 34 min )

(Bloomberg) -- One of China’s largest private wealth managers is triggering fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield products.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidThe Fed Is Play  ( 33 min )

(Bloomberg) -- Hedge funds turned the most bullish on the Australian dollar than they’ve been at any point this year, just before concerns over a slowing Chinese economy pummeled the currency.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidLeveraged funds’ Aussie po  ( 31 min )

(Bloomberg) -- Recent excitement around all things superconductor has sent shares of companies deemed related to the technology on a rollercoaster ride. If history is any guide, this is a stock wager fraught with danger.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs B  ( 32 min )

(Bloomberg) -- China’s benchmark stock index is set to erase all of the gains it made since a key political meeting was held in late July as the economy struggles to gain momentum and optimism over stimulus wanes. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowT  ( 30 min )

U.S. bank Citigroup has completed the sale and migration of its Taiwan consumer businesses to Singapore's DBS Group, it said on Monday. The now transferred retail business includes retail banking, credit card, mortgage and unsecured lending businesses, as well as the transfer of close to 3,000 employees. Citi's institutional business in Taiwan was excluded from the sale.  ( 31 min )

Apple supplier still relies on Chinese plants for 75% of global operations  ( 5 min )

The yen was volatile on Monday after slipping to its lowest for the year against the dollar, breaching the key 145 level as traders warily looked for clues on possible intervention, while the dollar rose to touch a more than one month high. Japan's low yields have made the currency an easy target for short-sellers and funding trades, with the widening gap in the interest rates between Japan and the United States leading to persistent weakness in the yen. The yen has fallen around 20% since the Federal Reserve began rapidly raising rates to combat soaring inflation in March 2022, while the Bank of Japan remains stuck in an extremely accommodating stance.  ( 32 min )

HONG KONG (Reuters) -Shares of China's Country Garden plunged more than 12% on Monday morning after the real estate company suspended trading in 11 of its onshore bonds from Monday. Markets are jittery as more developers default on bond payments amid no signs of stronger support measures from Beijing. Country Garden last week missed payments of two dollar bond coupons due on Aug. 6 totalling $22.5 million, confirming market fears that the developer was slipping into repayment troubles.  ( 31 min )

Bitcoin dipped slightly, having hovered around the $29,380 level throughout the weekend. Ether and most other top 10 crypto were little changed.  ( 33 min )

United States Steel Corp. said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers. Pittsburgh-based U.S. Steel said it rejected the offer because Cleveland-Cliffs was pushing it to accept the terms without being allowed to conduct proper due diligence.  ( 32 min )

Here's why Cleveland-Cliffs wanted to buy US Steel.  ( 15 min )

Oil prices eased on Monday after seven straight weeks of gains supported by tightening supply on OPEC+ output cuts, as concerns about China's faltering economic recovery and a stronger dollar weighed. Brent crude futures fell 29 cents, or 0.3%, to $86.52 a barrel by 0033 GMT while U.S. West Texas Intermediate crude was at $82.95 a barrel, down 24 cents, or 0.3%. Prices slipped as the U.S. dollar index extended gains on Monday after a slightly bigger increase in U.S. producer prices in July lifted Treasury yields despite expectations that the Federal Reserve is at the end of hiking interest rates.  ( 31 min )

(Bloomberg) -- Asian equities were set to fall on Monday after shares on Wall Street capped off a poor week on a down note and as China’s worsening property slump damps market sentiment.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowFutures for stocks in Austral  ( 33 min )

Asian shares struggled on Monday ahead of China data that is likely to amplify the case for serious stimulus even as Beijing seems deaf to the calls, while rising Treasury yields pressured sky-high valuations on tech stocks and underpinned the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan eased another 0.2%, after shedding 2% last week. Japan's Nikkei was off 0.1%, though exporters have drawn support from the weak yen.  ( 32 min )

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(Bloomberg) -- Foreign investors are losing interest in China, and hedge funds that target the world’s second-biggest economy are paying the price.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowThe number of active China-focused hedge funds has slipped for the f  ( 33 min )

Eli Lilly shares hit an all-time high as the drugmaker closed two acquisitions, including one related to the hot market for weight-loss treatments.  ( 1 min )

Shares of Hawaiian Electric Industries plunged to their lowest level in more than 13 years on concerns the power company could face liability claims related to the wildfires in Maui.  ( 1 min )

Swiss banking giant UBS agreed Monday to pay roughly $1.4 billion to settle a lawsuit regarding its handling of residential mortgage-backed securities (MBS) in the years leading up to the 2008 financial crisis.  ( 1 min )

Former Apple executive, Peter Stern, will craft new customer experiences at Ford, as the company expands it's electric fleet and self-driving technology.  ( 1 min )

AMC won court approval for converting its APE shares to common stock to end shareholder litigation and paves the way for the company to raise much-needed capital.  ( 1 min )

U.S. Steel's shares surged on Monday after it rejected an unsolicited offer worth $7.25 billion Cleveland-Cliffs, and said it was reviewing strategic options.  ( 1 min )

PayPal shares rose in early trading on Monday after it tapped Intuit's Alex Chriss as its new CEO.  ( 1 min )

Shares of Nikola sank after the electric vehicle maker voluntarily recalled 209 of its Class 8 Tre semi-trucks because of potential battery fires.  ( 1 min )

Tesla shares slid after cutting prices on some models in China, raising concerns about an EV price war.  ( 1 min )

U.S. banks could be increasingly exposed to a deteriorating corporate credit market, which has been plagued by rising interest rates, persistently high inflation, and an uncertain economic outlook.  ( 1 min )

U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.  ( 1 min )

U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.  ( 1 min )

U.S. Steel shares jump after it rejects a takeover bid from Cleveland-Cliffs and Tesla shares fall after it cut prices on models in China. Here’s what investors need to know today.  ( 1 min )

(Bloomberg) -- Gas is back as a risk to the global economy with potential strikes in major producer Australia threatening to shatter the fragile balance of global supplies -- and send consumer bills rising once more.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish Shado  ( 33 min )

(Bloomberg) -- Oil edged lower after capping seven weeks of gains — the longest rally since mid-2022 — driven by signs of a tightening market.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowWest Texas Intermediate fell below $83 a barrel following the 20% surge i  ( 31 min )

PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the decision was predictable.  ( 33 min )

Cleveland-Cliffs disclosed Sunday afternoon that it had made an offer for United States Steel Corp. that was rejected by the Pittsburgh-based company's board. Cleveland-Cliffs said it was still willing to engage in talks to reach a merger agreement.  ( 11 min )

Move came after company said it had hired financial advisers to evaluate offers  ( 5 min )

Asian markets will get key economic signals this week that could determine monetary policy in the continent's two biggest economies - retail sales and industrial production and house prices from China, and Japanese GDP and inflation. Markets also will watch for interest rate decisions from New Zealand and the Philippines, inflation figures from India and major corporate earnings reports from China, including Tencent, Lenovo CNOOC and JD.com.  ( 32 min )

Plug Power will borrow up to $1.5 billion over the next 18 months as the Latham manufacturer focuses on expanding its network of hydrogen generation plants.  ( 10 min )

Boosted by the AI craze, it’s been a vintage year for tech stocks, but the summer season is proving to be a bit shakier so far. Since mid-July, the trend has been down, with the tech-heavy NASDAQ shedding ~5%. This naturally raises the question: should we be ringing the alarm bells due to this shift? Not at all, says Wedbush’s Daniel Ives, a 5-star analyst rated in the top 2% of the Street’s stock pros. Ives believes that the new bull market is simply taking a breather, and he asserts that the p  ( 34 min )

The steel company built by Andrew Carnegie and J.P. Morgan might not be independent for much longer.  ( 26 min )

(Bloomberg) -- Cleveland-Cliffs Inc. said it made a bid to purchase United States Steel Corp. in a cash and stock deal as it looks to create one of the world’s largest steelmakers.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowUS Steel Explores Strategic Alternatives After Getting Unsolicited BidsDavid Solomon Scrutiny Spreads From Goldman to Alma MaterHackers Trick AI With ‘Bad Math’ to Expose  ( 31 min )

Hedge fund legend Ray Dalio and economist Nouriel Roubini are among commentators who have warned of a full-blown debt crisis headed for the US.  ( 33 min )

All eyes were on San Francisco this week as critics and supporters of deploying self-driving cars on public roads awaited a vote from the California Public Utilities Commission. Tl;dr: it was a win for the autonomous vehicle industry. If you haven't been following, the CPUC approved the last remaining permits to Cruise and Waymo, giving the two companies the green light to offer commercial robotaxi services across San Francisco 24 hours a day, seven days a week.  ( 34 min )

(Bloomberg) -- Goldman Sachs Group Inc. economists anticipate the Federal Reserve will start lowering interest rates by the end of next June, with a gradual, quarterly pace of reductions from that point.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowDavid Solomon Scrutiny Spreads From Goldman to Alma MaterHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesLook to the Options Market for  ( 31 min )

We'll see earnings from Walmart, Ross Stores, Applied Materials, Cardinal Health, and others. Economic data for the week will include Fed minutes, retail sales, and housing figures.  ( 27 min )

United States Steel said on Sunday it is initiating a formal review to evaluate strategic alternatives for the steel producer after receiving multiple unsolicited bids for part or all of its business. The review was begun after the steel producer received "multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole company," CEO David Burritt said in a statement, without disclosing details about the strategic alternatives. Barclays Capital and Goldman Sachs are serving as financial advisors to U.S. Steel, while Milbank LLP and Wachtell, Lipton, Rosen & Katz are acting as legal advisors, the steel producer said.  ( 31 min )

About 53% of millennials and 41% of Gen Z respondents said they were more reliant on credit cards than ever before this summer.  ( 33 min )

(Bloomberg) -- United States Steel Corp. says it is initiating a formal review of strategic alternatives after it received “multiple unsolicited” proposals.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesLook to the Options Market for Signs of Stock Market TroubleThe proposals rang  ( 31 min )

A July retail sales report and corporate results from some of America's largest retailers will provide key insights into the strength of the US consumer during the back to school shopping season.  ( 35 min )

The decision follows the company "receiving multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole company," CEO David Burritt said, without disclosing more details on the strategic alternatives. U.S. Steel, which has been raising prices to offset the impact from higher costs related to raw materials and energy, has seen strong demand for its steel products helping the company beat profit estimates for the second quarter.  ( 31 min )

On Friday, the average 30-year fixed mortgage rate jumped to 7.19%. But where will it go next?  ( 32 min )

(Bloomberg) -- Saudi Arabia has completed an early purchase of more than 35.7 billion riyals ($9.5 billion) of outstanding debt and will issue about 35.9 billion riyals in sukuk as the kingdom plans to bolster its domestic market.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowLook to the Options Market for Signs of Stock Market TroubleHac  ( 30 min )

(Bloomberg) -- Bitcoin ETF candidates got another dose of disappointment when US regulators on Friday punted on making a decision on such a product. But the next time they hear from them might be just a few weeks away. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowHackers Trick  ( 32 min )

Yes, it was a dumb move if you think short term. But long term, it still seems like a good bet.  ( 26 min )

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Everyone likes a bargain and the same is true in the stock market. But while picking up items on sale in a store is a simple task, picking up shares on the cheap is a more complex endeavor. Because a cheap stock often means that it has been through the wringer, and the immediate question that comes to mind is, why have the shares taken a beating? A beaten-down stock could be down for a whole host of reasons, from weak fundamentals to broader macro concerns to unreasonable behavior by investors.  ( 35 min )

Inflation has begun to cool, and that may translate to some assets. The Treasury's Series I Bonds, or " I bonds," are no longer the prized savings tool they were 12 months ago. As cost increases slowed over the past year as Federal Reserve raised interest rates, it was inevitable that this inflation-tied asset would […] The post The Series I Bond Frenzy is Dying Down. Is Now the Time to Cash Out? appeared first on SmartReads by SmartAsset.  ( 32 min )

Building wealth is one thing. Feeling comfortable is another entirely.  ( 32 min )

An irrevocable trust is a legal entity that cannot be altered, amended or revoked after its creation. Irrevocable trusts are typically established to protect assets from creditors, benefit the beneficiaries and minimize estate taxes. But there are circumstances that warrant the termination of an irrevocable trust like when its purpose is fulfilled or its assets […] The post Tax Consequences of Terminating an Irrevocable Trust appeared first on SmartReads by SmartAsset.  ( 33 min )

With the second-quarter earnings season coming to a close, companies have exceeded analysts’ estimates at a greater rate than usual. Yet investors aren’t rewarding positive surprises.  ( 25 min )

The relationship between interest rates and inflation has some significant implications for tech companies' valuations.  ( 33 min )

(Bloomberg) -- The old playbook of selling emerging-market bonds when Treasury yields spike is being upended by the positive dynamics favoring developing-nation debt. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowEmergin  ( 32 min )

Calpers scooped up volatile stocks including game firm Roblox, EV maker Lucid, and PC manufacturer HP in the second quarter. It cut back on Intel.  ( 26 min )

Tapestry, Inc. (TPR) the parent company of brands such as Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to brands Versace, Jimmy Choo, and Michael Kors, in a deal worth about $8.5 billion. Here are some of the lesser known parent brands of the world's biggest luxury brands.  ( 19 min )

Retailers Home Depot, Target and Walmart will headline the companies slated to report quarterly results this week. Mortgage applications data will also be released.  ( 32 min )

Most investors know that stocks follow earnings. That’s a fact.  ( 32 min )

Kroger, Giant Eagle and other grocers expand their prepared meals. Meanwhile, Chipotle, Taco Bell and other restaurants aim to defend their turf.  ( 28 min )

More vacationers are getting it as severe weather and other threats put expensive trips at risk.  ( 26 min )

Billionaire activist investor Carl Icahn is weathering one of his career’s most trying periods, but some on Wall Street say don’t count him out yet.  ( 23 min )

(Bloomberg) -- Freezing winter weather seems a remote concern as Europe swelters, but traders and strategists got a reminder last week of the continent’s fragile energy security and bond-market risks. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesMaui Now Looks a Lot Less Like Parad  ( 33 min )

Berkshire is due to release its quarter 13-F filing Monday the make-up --and any changes -- in its $350 billion equity portfolio in the second quarter.  ( 27 min )

Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: VinFast joins EVs trading in U.S.; Mullen’s reverse stock split; and UAW talks get heated.  ( 33 min )

More than 800,000 homeowners face a double mortgage rate shock as the Bank of England warns interest rates will stay high for years.  ( 31 min )

On a mild September day in 2015, a man walked into Walsall shopping centre in the West Midlands and headed straight for the local NatWest branch.  ( 37 min )

Signs of economic strength are bringing new scrutiny to the inverted yield curve.  ( 21 min )

Country risk premium (CRP) is the additional return or premium demanded by investors to compensate them for the higher risk of investing overseas.  ( 25 min )

The Department of Housing and Urban Development is responsible for the living conditions of millions of Americans.  ( 21 min )

There are a few theories on the origin of the abbreviations used for debit (DR) and credit (CR) in accounting. Here's an overview of the terms.  ( 22 min )

While student loan debt is a burden for all borrowers, gendered wage gaps and other factors cause some to have a harder time than others.  ( 31 min )

Frictional and structural unemployment are two different types of unemployment that occur in an economy. Frictional unemployment occurs when workers search for jobs.  ( 21 min )

Dive into game theory and the Nash equilibrium, and learn why the equilibrium assumptions about information are less important with a dominant strategy.  ( 20 min )

Standard auto insurance is basic auto insurance, generally offered to drivers with clean driving records who fall into an average risk profile.  ( 22 min )

Hashgraph consensus works differently from more well-known blockchain consensus mechanisms. Learn more about it and how it works.  ( 21 min )

Higher education offers upward mobility to students of all races and ethnicities, but student loan debt still widens the racial wealth gap. Learn more.  ( 30 min )

An accelerated death benefit (ADB) allows a life insurance policyholder advances against the death benefit if diagnosed with a terminal illness.  ( 20 min )

Variable life insurance is a permanent life insurance product with separate investment accounts, and often offers flexibility regarding premium remittance and cash value accumulation.  ( 22 min )

Licensed for reinsurance only means a company can provide services specifically related to reinsurance in the state that has granted the license.  ( 19 min )

Learn about the different depreciation and amortization rules pertaining to leasehold improvements for tax basis and GAAP financial statements.  ( 19 min )

Vacant home insurance protects homes that aren’t being lived in. Here’s what vacant home insurance is, how it works, if you need it, and what it covers.  ( 23 min )

Most home renovation projects fail to pay for themselves at resale; savvy homeowners learn how to choose the upgrades that really add value.  ( 25 min )

A PPO is an arrangement with an insurance company in which a network of medical professionals and facilities provide services at reduced rates.  ( 23 min )

A valuation premium is rate set by a life insurance company based on the value of the company's policy reserves.  ( 18 min )

Government assistance programs are in great demand when there is high unemployment or low wages. Learn what’s available, how to qualify, and where to apply.  ( 42 min )

A credit watch is a service provided by credit rating agencies, financial institutions, or private businesses that watch your credit report for changes.  ( 21 min )

A special needs child is one that requires extensive medical, educational, or emotional support.  ( 24 min )

Interest rates in many nations are at record low levels. We look at the five nations with the lowest rates.  ( 20 min )

Most Value at Risk models assume away extremely high levels of volatility. This makes VaR particularly poorly adapted, yet well-suited, for stress testing.  ( 19 min )

See why aggregate demand and gross domestic product (GDP) aren't necessarily the same, according to Keynesian macroeconomic theory.  ( 19 min )

Barstool Sports founder Dave Portnoy bought back his company for $1 from Penn Entertainment, as Penn Entertainment sold 100% of outstanding Barstool shares to Portnoy after signing a deal with ESPN to rebrand their existing sportsbook, without Barstool. Portnoy has a net worth of $100 million.  ( 18 min )

An ETF is a good way to get broad exposure without taking on specific risk, but calculating performance may be a bit tricky.  ( 21 min )

Can you lose money on bonds? Yes, indeed—but if you know the most common cause of bond losses, you can avoid them.  ( 24 min )

Fitch is an international credit rating agency based out of New York City and London that investors often use to make investing decisions about stocks and bonds.  ( 21 min )

Learn about moral hazard, how it can affect outcomes and how it contributed to the conditions that led to the 2008 financial crisis.  ( 18 min )

Customers opt for pricing over brand names but Amazon's scaling back its private label operations even as other retailers such as Walmart and Costco continue to derive value.  ( 18 min )

Tapestry, Inc. (TPR) the parent company of brands such as Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to brands Versace, Jimmy Choo, and Michael Kors, in a deal worth about $8.5 billion. Here are some of the lesser known parent brands of the world's biggest luxury brands.  ( 19 min )

A blanket honesty bond is a fidelity bond that protects employers from losses due to dishonest acts of employees.  ( 19 min )

Business liability insurance protects a company and/or business owner in the event of a formal lawsuit or any third-party claim.  ( 21 min )